老田看大饼
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Bullish
Thursday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Reviewing the Bitcoin chart, it shows a fluctuating upward trend throughout the day. During the Asian trading session, the price once dipped to the 105000 level but quickly stabilized and rebounded, gradually recovering lost ground and stabilizing around the 107000 mark. The ADP employment data released in the evening was significantly below expectations, and after the US stock market opened, Bitcoin continued to rise, breaking through key resistance levels, reaching a peak of 109700 before facing downward pressure. Ethereum's performance was highly synchronized with Bitcoin, mainly consolidating during the day, but in the evening, the bulls exerted power to continue climbing, peaking at 2588, with an intraday fluctuation of about 200 points.
From a technical perspective: The 4-hour chart shows six consecutive bullish candlesticks, strongly breaking through the middle Bollinger Band resistance, establishing a bullish dominant pattern. During the rise, trading volume continued to significantly increase, indicating heightened market participation, which supports the continuation of the trend. The MACD green momentum bars continue to expand, and after a golden cross above the zero line, the two lines are diverging upwards, indicating enhanced bullish momentum. The RSI has entered the overbought zone, suggesting that short-term sentiment may be overheating, and caution is advised regarding the risk of a pullback. Given the RSI overbought signal, chasing highs should be done with caution. It is recommended to wait for the price to pull back and stabilize before placing long positions.
Trading Strategy:
Look for opportunities to place long positions in the Bitcoin range of 108300-108800,
Target 110700
For Ethereum, place long positions in the range of 2530-2550, target 2650
#币安Alpha上新 $BTC
Reviewing the Bitcoin chart, it shows a fluctuating upward trend throughout the day. During the Asian trading session, the price once dipped to the 105000 level but quickly stabilized and rebounded, gradually recovering lost ground and stabilizing around the 107000 mark. The ADP employment data released in the evening was significantly below expectations, and after the US stock market opened, Bitcoin continued to rise, breaking through key resistance levels, reaching a peak of 109700 before facing downward pressure. Ethereum's performance was highly synchronized with Bitcoin, mainly consolidating during the day, but in the evening, the bulls exerted power to continue climbing, peaking at 2588, with an intraday fluctuation of about 200 points.
From a technical perspective: The 4-hour chart shows six consecutive bullish candlesticks, strongly breaking through the middle Bollinger Band resistance, establishing a bullish dominant pattern. During the rise, trading volume continued to significantly increase, indicating heightened market participation, which supports the continuation of the trend. The MACD green momentum bars continue to expand, and after a golden cross above the zero line, the two lines are diverging upwards, indicating enhanced bullish momentum. The RSI has entered the overbought zone, suggesting that short-term sentiment may be overheating, and caution is advised regarding the risk of a pullback. Given the RSI overbought signal, chasing highs should be done with caution. It is recommended to wait for the price to pull back and stabilize before placing long positions.
Trading Strategy:
Look for opportunities to place long positions in the Bitcoin range of 108300-108800,
Target 110700
For Ethereum, place long positions in the range of 2530-2550, target 2650
#币安Alpha上新 $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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