Analysis of Trading Suggestions for Bitcoin and Ethereum Market Trends
K-line Patterns:
- Recently, the price has shown a fluctuating upward trend within a 4-hour cycle, forming multiple highs and lows. The daily level shows signs of stabilization after significant volatility.
Technical Indicators:
MACD: The current MACD histogram is at a relatively high positive value, indicating strong bullish momentum in the short term, but one should be wary of potential pullback risks.
RSI: The RSI is around 56, not entering the overbought zone, indicating that there is still room for the market to rise, but attention should be paid to whether divergence occurs.
EMA: EMA7 has broken through EMA30 and EMA120, indicating a short-term moving average crossover, with a bullish bias in the medium to long term.
The 4-hour trading volume has increased, showing a rise in market activity and significant capital inflow.
Personal suggestion: Currently, it is advisable to wait for a peak before executing short positions. For consultation, contact btc0297.
Bitcoin Trading Suggestion: Enter short positions around 83300-83800 with a target of 81000-80500 and risk control at 84300.
Ethereum Trading Suggestion: Enter short positions around 1580-1620 with a target of 1500-1460 and risk control at 1670.