Thursday night BTC/ETH analysis and operations
In the cryptocurrency circle, experts plan for the long term while beginners focus on short-term gains. Currently, the market sentiment is in a tug-of-war, with today’s low point being refreshed again. The daytime bulls have slightly taken profits and exited the market.
Overall trend: The Bitcoin daily chart shows three consecutive bearish candles and has broken the middle track, with accelerated secondary bearish momentum, indicating an overall bearish bias; Ethereum is under pressure and has fallen back, with a focus on continued declines in the short term.
Short-term rhythm: The extremely weak market has shifted from a downward trend to a "bottom-fishing-rebound" mode, with intense competition between bulls and bears; the 4-hour level is fluctuating with frequent exchanges between bullish and bearish candles, with the middle track acting as a critical point.
Bitcoin: 111000-111500 buy, target 113000.
Ethereum: 3950-4980 buy, targets 4080, 4200. $BTC