Evening Analysis: Currently, Bitcoin is in a low volatility range and is in a state of oscillation. Both technical analysis and external environment have not provided clear directional guidance. The technical indicators show the price fluctuating between strong support at 113600 and strong resistance at 115800, with candlestick patterns indicating a bullish engulfing pattern. The support level at 113600 is quite strong, but the moving averages are below both short-term and long-term averages, and momentum is weakening; trading volume has significantly decreased, showing an unhealthy price-volume relationship. The Bollinger Bands have narrowed, with the price near the middle band, further confirming the oscillating range pattern.
Currently, the technical indicators for Ethereum show a bullish trend, but the extremely low trading volume and the divergence between price and volume indicate insufficient upward momentum. Additionally, the recently formed bearish engulfing pattern further reinforces the risk of a potential pullback, with the support level at 3614 becoming a key defensive point in the short term. The price is currently operating between support and resistance, with short-term momentum weakening and market direction being unclear.
Trading Suggestion: Buy Bitcoin on a pullback near 114300-114600, with a stop loss at 113600. Target the area around 115300-115800, and if it breaks, look towards 116400. If it doesn't break, short it.
Ethereum Trading Suggestion: Buy on a pullback near 3650-3660, with a stop loss at 3615. Target the area around 3710-3730, and if it breaks, look towards 3750-3770. If it doesn't break, short it.
The strategy is for reference only. Market volatility is significant, so pay attention to risk control and take profits when possible.#币圈