Saturday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
As we enter the weekend, Bitcoin and Ethereum continue to maintain a fluctuating pattern around key integer levels during the daytime trading period, with fluctuations stabilizing within a range of several hundred points. After a few rounds of operations from the evening to the early morning, we have now entered a state of rest and observation.
Here is a brief analysis of the market: The daily structure of Bitcoin shows a low-position doji candlestick pattern, indicating that the price is entering a slow upward fluctuation trend. In the four-hour structure, the price has formed a low-position hammer candlestick, with generally small candlestick bodies, indicating a tug-of-war between bulls and bears. The Bollinger Bands indicator has entered a contraction phase, and the market is entering a horizontal consolidation period. Affected by the US market closure, market sentiment is stabilizing. The MACD indicator's energy bars are below the zero axis but are positive and show signs of converging towards the zero axis, suggesting a weakening of bearish momentum and the possibility of a shift towards bullish momentum. In the one-hour structure, candlesticks are predominantly bullish, and the overall structure shows an upward inclination.
In summary, Bitcoin may capture swing opportunities brought by the range fluctuations in the short term. Ethereum's trend is basically synchronized.
#币安Alpha上新 $BTC
As we enter the weekend, Bitcoin and Ethereum continue to maintain a fluctuating pattern around key integer levels during the daytime trading period, with fluctuations stabilizing within a range of several hundred points. After a few rounds of operations from the evening to the early morning, we have now entered a state of rest and observation.
Here is a brief analysis of the market: The daily structure of Bitcoin shows a low-position doji candlestick pattern, indicating that the price is entering a slow upward fluctuation trend. In the four-hour structure, the price has formed a low-position hammer candlestick, with generally small candlestick bodies, indicating a tug-of-war between bulls and bears. The Bollinger Bands indicator has entered a contraction phase, and the market is entering a horizontal consolidation period. Affected by the US market closure, market sentiment is stabilizing. The MACD indicator's energy bars are below the zero axis but are positive and show signs of converging towards the zero axis, suggesting a weakening of bearish momentum and the possibility of a shift towards bullish momentum. In the one-hour structure, candlesticks are predominantly bullish, and the overall structure shows an upward inclination.
In summary, Bitcoin may capture swing opportunities brought by the range fluctuations in the short term. Ethereum's trend is basically synchronized.
#币安Alpha上新 $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
108,005.09
-0.20%
ETH
2,512.9
-0.27%