Cryptocurrency Morning Analysis and Trading Strategy
Weekend trading is light, with a slight increase in the early session yesterday but declining volume, indicating weakening upward momentum.
On the 4-hour technical analysis, MACD shows bullish signals, but the bearish candlestick and reduced volume suggest insufficient upward momentum, with a potential short-term pullback;
RSI is at 45, neutral; EMA7 provides support, while EMA30 and EMA120 reflect weakening in the short term.
Trading Strategy for Bitcoin: Short at 95200-94400, stop loss at 96200+, target at 93600, if broken, look for 92600-92000; Long at 92400-93200, stop loss at 91600-, target at 93500-94300.
Ethereum: Short at 1845-1810, stop loss at 1880+, target at 1780-1735;
Long at 1720-1750, stop loss at 1680-, target at 1800-1840.