Bitcoin has slowly fluctuated and repaired after Thursday and Friday, with bearish sentiment easing (this is consistent with my personal analysis of the weekly K updates, where there would first be a decline followed by a fluctuating rebound). The low long position set up in the early morning of the 13th has also been perfectly validated again.
Currently, the new weekly K shows that the overall Bollinger Band track is beginning to narrow, and the price continues to operate near the lower band. Although the TD indicator has reached TD6, the continuous rise of the lower band gives short-term bulls confidence. Additionally, the gap between the price and the MA5 daily moving average has not yet been repaired, so this week we will first look at whether the rebound can break the weekly K MA5 moving average pressure. (Plus, with the Federal Reserve's interest rate meeting this Thursday morning, I personally expect their statements won't be too aggressive, considering the severe drops in US stocks and the crypto market in February-March. A slight easing would be beneficial for the future. Of course, we will take it step by step.)
From the daily level, after last week's dip, the Bitcoin K line tends towards a slight rebound and fluctuation repair. The MA5 and MA10 moving averages are beginning to flatten, the middle Bollinger Band and MA30 moving average pressure are easing, and the MACD and KDJ indicators are leaning towards a short-term bullish sentiment. The key resistance at the daily level is at the 85200 line. Once this position is strongly broken, bulls can test the pressure at the weekly K MA5 moving average, with the price reference at the 89000 line.
From the 4-hour chart, Bitcoin currently tends towards a range-bound fluctuation. The price relies on the MA30 daily moving average for a slight rebound and repair. Indicators show that MACD and KDJ are both rising in resonance, and the upper Bollinger Band shows an upward desire. Combining this with the hourly chart, the current market is leaning towards a slight bullish fluctuation. Bitcoin must stabilize above the 85200 line for bulls to open up space. Therefore, for the early morning and morning closing, if the short-term price does not effectively break below the 82500 line, one can consider a short-term long position.
Operational ideas: Bitcoin: Buy at 83000-83500, target: 85000, spike to look at 88000, stop loss: 82500.
Ethereum's recent performance has been quite poor. Due to a decrease in trading volume, there is some resistance around 1960 in the short term. The short-term trend basically follows Bitcoin, so the outlook is the same, and a short-term long position can be taken.
Operational ideas: Buy at 1910-1880, target: 1955-2030, stop loss: 1875.
For the short term, we will focus here first, and updates will continue later.#美国加征关税 #