Xuxu Baby's Bitcoin Morning Market Analysis

This morning, Bitcoin is trading at 117,000, indicating a short-term correction. The candlestick chart shows resistance between 119,000 and 120,000, with candlesticks with long upper shadows, indicating significant upward pressure. Currently, the short-term moving averages are flattening, the MACD indicator is above zero, and the red momentum bar is shrinking, indicating a weakening of bullish momentum.

Ethereum Morning Market Analysis

Ethereum is currently trading at 4,400, demonstrating a relatively strong trend. On the 4-hour candlestick chart, the price is steadily rising against the 5-day moving average, with the moving average system showing a bullish trend. The MACD indicator's double lines have formed a golden cross above zero, and the red momentum bar continues to expand, indicating a dominant bull market. However, the KDJ indicator is showing signs of turning downward in overbought territory, prompting caution against the risk of a short-term correction.

Bitcoin Strategy

- Pullback Strategy: 115,000-116,000 is a strong support range. If it retraces to this level and stabilizes, and a long lower shadow candlestick pattern appears, such as a stop-loss signal, a light long position can be taken, with a stop-loss below 114,500. If it breaks through 115,000, it could drop to 113,000, so we recommend a wait-and-see approach.

- Resistance Level Strategy: 119,000-120,000 is a key resistance zone. If it fails to break through, there is a high probability of a pullback near this resistance level. Reduce your position on rallies or go short with a light position, with a stop-loss above 120,500. If it breaks through and stabilizes at 120,000, it is expected to hit 123,000, and a pullback to around 120,000 can be considered.

Ethereum Strategy

- Pullback Strategy: 4300-4350 is a key support level. If support is found in this range and the candlestick chart shows a reversal pattern such as a yang-enclosing-yin candlestick, a long position can be entered with a stop-loss below 4280. If it breaks below 4300, or if support at 4200 is tested, proceed with caution.

- Resistance Level Strategy: 4500-4550 is a key resistance level. If a candlestick chart with a long upper shadow or weak trading volume appears near this resistance level, be wary of a pullback. Reduce your position or go short lightly with a stop-loss above 4580. If it breaks above 4550, it could challenge the historical high of 4875. Go long on a pullback to around 4550. Follow the teacher for daily strategy sharing! #ETH #ETH走势分析 #BTC #BTC走势分析 #ETH突破4600