Tuesday evening Bitcoin and Ethereum market analysis and trading suggestions
Although the intraday price has broken below the short-term EMA, and the moving averages are in a bearish arrangement, the 4-hour RSI has entered the oversold zone, indicating that the short-term rebound and repair demand is accumulating. Despite the MACD indicator (DIF and DEA) forming a dead cross below the zero axis and the bearish momentum bars expanding, the overall trend remains bearish. The current key is to pay attention to the stabilization signals at the important support levels below. The price is running below the downward trend line, and it is essential to focus on whether the 105,000 level can effectively support and trigger a rebound, followed by the 104,500 area. Given the oversold conditions and potential support rebound, the strategy suggests prioritizing finding long opportunities near the key support levels of 105,000-104,500 to capture the technical rebound market. Short-term short positions can only be lightly attempted in accordance with the trend, while the main idea should still revolve around laying out long positions at low levels.
Evening trading suggestions:
Bitcoin in the range of 105,000-104,500, looking at 107,000.
Ethereum in the range of 2,530-2,550, looking at 2,600.
#加密市场反弹
Although the intraday price has broken below the short-term EMA, and the moving averages are in a bearish arrangement, the 4-hour RSI has entered the oversold zone, indicating that the short-term rebound and repair demand is accumulating. Despite the MACD indicator (DIF and DEA) forming a dead cross below the zero axis and the bearish momentum bars expanding, the overall trend remains bearish. The current key is to pay attention to the stabilization signals at the important support levels below. The price is running below the downward trend line, and it is essential to focus on whether the 105,000 level can effectively support and trigger a rebound, followed by the 104,500 area. Given the oversold conditions and potential support rebound, the strategy suggests prioritizing finding long opportunities near the key support levels of 105,000-104,500 to capture the technical rebound market. Short-term short positions can only be lightly attempted in accordance with the trend, while the main idea should still revolve around laying out long positions at low levels.
Evening trading suggestions:
Bitcoin in the range of 105,000-104,500, looking at 107,000.
Ethereum in the range of 2,530-2,550, looking at 2,600.
#加密市场反弹
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BTC
104,728.27
-1.40%
ETH
2,525.39
-1.59%