Crypto Market Analysis: 8.5 Bitcoin Short-Term Rebound, Long-Term Downtrend Unchanged! Ethereum Volume Collapses, Rebound Just 'The Emperor's New Clothes'! Latest Market Analysis
Current Bitcoin Price: 114800, the analysis finds that Bitcoin's short-term rebound momentum is increasing, but the shrinking trading volume forms a divergence between price and volume, indicating that the rebound may not be sustainable. The shrinking trading volume leads to insufficient rebound momentum, and macroeconomic uncertainties may exacerbate market volatility. Therefore, it is believed that the sustainability of the rebound is questionable. Key support and resistance price ranges are clear; the market may maintain a sideways consolidation in the short term, and attention should be paid to the breakout of key price levels to confirm the trend direction. From a technical perspective, the bullish engulfing pattern and the upward slope of the short-term moving average create a bullish resonance, indicating that short-term rebound momentum is strengthening, but the long-term trend remains weak. Finally, it is advised to focus on selling high and buying low.
Today's Price Prediction
Long Entry: 112000, Add Long: 111500, Stop: 500 points, Target: 115500
Short Entry: 117500, Add Short: 118500, Stop: 500 points, Target: 115500
Ethereum Analysis
Current Ethereum Price: 3645, the analysis finds that Ethereum is currently near the strong support level of 3625. Although short-term momentum has increased, the trading volume is extremely low, and a Evening Star pattern has appeared, necessitating caution against false breakouts and bearish reversal risks. Therefore, it is reminded to guard against the downside risks caused by false breakouts and the potential further selling pressure if key support levels are lost. From a technical perspective, despite the short-term moving average breaking above the long-term moving average, indicating increased momentum, the trading volume is extremely low, and the appearance of the Evening Star pattern is a strong bearish reversal signal, suggesting that the market may face the risk of a false breakout. The main force may fluctuate within the range of 3625 to 3705.
Latest Price Reference
Long Entry: 3350, Add: 3300, Stop: 30 points, Target: 3500
Short Entry: 3700, Add: 3750, Stop: 30 points, Target: 3550
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