The midnight Bitcoin market further declines, and the bulls have not been able to organize an effective offensive posture, failing to form a strong upward momentum. The price began to show a downward trend starting from the high point of 972670, as if it had lost support, continuously declining until it temporarily halted at the low point of 94814.
Indicators show that momentum indicators such as MACD, KDJ, and RSI are all diverging downwards, with significant volume, favoring the bears. If there is no strong rebound above the short-term moving average, the price may continue to oscillate downwards. There is a risk of accelerated decline if it breaks below support.
Looking at the 4-hour chart, the current indicators have crossed bearishly, and the bearish trend continues, but the decline in the KDJ indicator has narrowed. Although the BOLL indicator is resonating downwards with the price trend, the lower band is closely aligned with the coin price, and the opening amplitude is not significant.
In summary, it is suggested to look for long positions on pullbacks.
Bitcoin: Buy around 95000-95500, target 97500
Ethereum: Buy in the range of 2580-2600, target 2650
The market conditions change rapidly; the above suggestions are for reference only, and specific operations should be based on actual circumstances!