Wednesday Morning Bitcoin Ethereum Market Analysis and Trading Suggestions
In the early hours of today, the market saw a slight rise, with Bitcoin reaching a high of 106239 before pulling back, failing to effectively hold above 106000. The brief breakthrough of the key level did not change the short-term narrow range oscillation pattern, with overall volatility remaining limited.
The daily chart continues to show a wide range oscillation trend. Yesterday's daily candlestick experienced a long period of doji consolidation, ultimately stabilizing above the midline, closing with a long lower shadow bullish candle, but there is still a risk of technical pullback; at the same time, the upper shadow indicates clear resistance above, with bulls showing weak willingness to fight. On the four-hour chart, there have been consecutive bullish candles, but all accompanied by relatively long upper shadows, showing a clear characteristic of oscillating upward, indicating that after the previous strong rise, there is heavy selling pressure above, making it difficult to form a strong bullish continuation in the short term. Technical indicators show signs of fatigue after continuing upward, and in the absence of strong breakout momentum, the upward space remains limited.
Trading Suggestions:
Bitcoin at 105500 - 105800, watch for 107000.
Ethereum at 2400-2430, watch for 2500.
#加密市场反弹
In the early hours of today, the market saw a slight rise, with Bitcoin reaching a high of 106239 before pulling back, failing to effectively hold above 106000. The brief breakthrough of the key level did not change the short-term narrow range oscillation pattern, with overall volatility remaining limited.
The daily chart continues to show a wide range oscillation trend. Yesterday's daily candlestick experienced a long period of doji consolidation, ultimately stabilizing above the midline, closing with a long lower shadow bullish candle, but there is still a risk of technical pullback; at the same time, the upper shadow indicates clear resistance above, with bulls showing weak willingness to fight. On the four-hour chart, there have been consecutive bullish candles, but all accompanied by relatively long upper shadows, showing a clear characteristic of oscillating upward, indicating that after the previous strong rise, there is heavy selling pressure above, making it difficult to form a strong bullish continuation in the short term. Technical indicators show signs of fatigue after continuing upward, and in the absence of strong breakout momentum, the upward space remains limited.
Trading Suggestions:
Bitcoin at 105500 - 105800, watch for 107000.
Ethereum at 2400-2430, watch for 2500.
#加密市场反弹
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BTC
107,011.7
+1.74%
ETH
2,424.28
+0.67%