Monday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Good morning, everyone! Goodbye to the weekend fluctuations. At the start of this week, Bitcoin experienced a mild correction in the early hours, dropping to a low of 104,399 before stabilizing and rebounding, currently reported around 105,000. Ethereum reached a peak of 2,559 before facing selling pressure and retracing to around 2,490. This correction is not a signal of a trend reversal, but rather an effective confirmation of the support below, accumulating momentum for a stronger rise ahead.
From the four-hour chart, the price has not continued to decline after falling to the middle track, showing signs of stabilization. The Bollinger Bands continue to narrow, indicating a decrease in volatility, and the market is in a phase of consolidation, about to choose a direction for a breakout. Although the current candlesticks are interspersed (intense tug-of-war between bulls and bears), the overall structure tends to solidify the bottom support, so we should patiently await clearer direction. Looking at the hourly chart, the price has effectively broken through the middle track, and short-term rebound momentum is accumulating. Overall, the trading strategy for Monday morning focuses on buying on dips, looking for rebound opportunities:
Trading Suggestions:
Buy Bitcoin around the support area of 104,500, targeting 106,500.
Buy Ethereum around the support area of 2,500, targeting 2,600.
#美国加征关税
Good morning, everyone! Goodbye to the weekend fluctuations. At the start of this week, Bitcoin experienced a mild correction in the early hours, dropping to a low of 104,399 before stabilizing and rebounding, currently reported around 105,000. Ethereum reached a peak of 2,559 before facing selling pressure and retracing to around 2,490. This correction is not a signal of a trend reversal, but rather an effective confirmation of the support below, accumulating momentum for a stronger rise ahead.
From the four-hour chart, the price has not continued to decline after falling to the middle track, showing signs of stabilization. The Bollinger Bands continue to narrow, indicating a decrease in volatility, and the market is in a phase of consolidation, about to choose a direction for a breakout. Although the current candlesticks are interspersed (intense tug-of-war between bulls and bears), the overall structure tends to solidify the bottom support, so we should patiently await clearer direction. Looking at the hourly chart, the price has effectively broken through the middle track, and short-term rebound momentum is accumulating. Overall, the trading strategy for Monday morning focuses on buying on dips, looking for rebound opportunities:
Trading Suggestions:
Buy Bitcoin around the support area of 104,500, targeting 106,500.
Buy Ethereum around the support area of 2,500, targeting 2,600.
#美国加征关税
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BTC
107,492
+1.67%
ETH
2,641.55
+3.63%