币圈吕哥
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Good morning, the morning cryptocurrency market has seen a wave of highs and lows. Bitcoin touched the 120,000 mark before retreating with a series of declining candlesticks, currently fluctuating around 118,500. Ethereum is following closely around 3,500. The Federal Reserve continues to maintain a neutral stance, not giving the market a clear direction. We continue to rely on the structural analysis.
The daily structure of Bitcoin shows an upper shadow on a bullish candlestick, and the bullish trend is temporarily suppressed, with upward momentum weakening. In the four-hour structure, although the price broke below the middle line of the range, the small one-sided conversion shows an upper shadow on a bearish candlestick, providing resistance. However, the Bollinger Bands still maintain a parallel state, and future volatility will operate within the range. The MACD shows negative values and is converting to neutral below the zero axis, indicating that the momentum is depleting too quickly. In the one-hour structure, after a series of bearish candlesticks, a closing line at the bottom was formed, constructing a low-level hammer pattern. Therefore, overall, the market can go long for a short position, and we will see how market sentiment develops. Bitcoin can be bought around 118,500-118,200, with a target near 119,200. Ethereum can be bought around 3,355, with a target near 3,400.
The daily structure of Bitcoin shows an upper shadow on a bullish candlestick, and the bullish trend is temporarily suppressed, with upward momentum weakening. In the four-hour structure, although the price broke below the middle line of the range, the small one-sided conversion shows an upper shadow on a bearish candlestick, providing resistance. However, the Bollinger Bands still maintain a parallel state, and future volatility will operate within the range. The MACD shows negative values and is converting to neutral below the zero axis, indicating that the momentum is depleting too quickly. In the one-hour structure, after a series of bearish candlesticks, a closing line at the bottom was formed, constructing a low-level hammer pattern. Therefore, overall, the market can go long for a short position, and we will see how market sentiment develops. Bitcoin can be bought around 118,500-118,200, with a target near 119,200. Ethereum can be bought around 3,355, with a target near 3,400.
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