In the early hours of the weekend, the U.S. personally intervened with bombers to bomb Iran's nuclear facilities. The cryptocurrency market once again suffered a sharp decline due to news, as of Saturday night at 22:00.
Bitcoin has dropped 2.66% during the day, while Ethereum has plummeted nearly 9%.
Currently, the daily level candle has once again shown a TD6 downward trend, with 4 consecutive bearish candles. The MA5 and 10-day moving averages, along with the BOLL middle track, are beginning to resonate slightly to suppress the coin price. The MACD and KDJ are arranged in a bearish downward trend, indicating that the overall direction is dominated by bears. Of course, the strong resistance at the daily level is referenced at: 102500-103300. If the coin price rebounds, it cannot effectively stabilize above any resistance, so maintain a bearish outlook. Short-term low point support is referenced at: 100200. Once the bears break this support, it will only be a matter of time before tomorrow's weekly K updates Bitcoin's drop back to the previous rising point of 96000.
With the bears gaining strength in the evening for 4 hours, the current MA5 and 10-day moving averages are resonating to suppress the coin price. The TD indicator again shows a downward trend of green TD1. Based on the indicators, the current bearish sentiment is strong. Combining with the hourly line, the overall trend of Bitcoin in the short term is dominated by bears. Therefore, regarding operations from early morning to morning, my personal view is mainly bearish, with some bullish considerations.
Operation strategy: Gradually short at 102000-103000; target: 100500-99000. A downward spike can be seen down to 97000. Stop-loss: 103500.
Light positions can be attempted: reference points are at: 99000-99500; target: 101500-102500.
Ethereum's overall trend currently syncs with Bitcoin. The daily line trend leads Bitcoin. The short-term market is also leaning towards a volatile downward trend. However, due to the trading volume and resilience being less than Bitcoin, the decline is significant, with the high point resistance referenced at: 2265-2300. If the coin price rebounds, it cannot effectively stabilize above any resistance, so maintain a bearish outlook. The low point support reference is at: 2130-2000. Therefore, regarding operations from early morning to morning, my personal view is mainly bearish, with some bullish considerations.
Operation strategy: Short at 2265-2300; target: 2180-2130. A spike can be seen down to 2000. Stop-loss: 2330.
Light positions can be attempted: reference points are at: 2150-2110; target: 2250-2280.
For the short-term trend, it is expected to be sufficient, and further updates will continue.$ETH #加密市场回调 #以色列伊朗冲突 $ETH