Bitcoin and Ethereum Morning Market Analysis
Current long and short forces remain entrenched, with frequent position exchanges making short-term direction difficult to clarify. The market exhibits typical oscillation characteristics, with prices repeatedly testing key resistance only to encounter strong bearish counterattacks, and attempts to break through returning empty-handed. After falling back to the lower support area, bullish support quickly reappears, pushing prices back into the consolidation range. This back-and-forth tug-of-war not only increases the difficulty of judging the upcoming trend but also easily leads to blind chasing of orders and the operational dilemma of frequent stop-losses.
From the four-hour level, Bitcoin displayed a slow downward trend with consecutive negative days, with the selling power dominating the phase. However, recent candlesticks show a “turning from negative to positive” change, and although the rebound pace is slow, it releases signals of a bullish attempt to counterattack. The current price is above the lower track, indicating that the short-term trend is still relatively weak. The large negative value of the MACD suggests that the downward momentum remains, and it may continue to face pressure in the short term.
Buy Bitcoin near 112000, target 113000-114000
Buy Ethereum around 4200, target 4250-4300
