Saturday afternoon Bitcoin and Ethereum latest market analysis and trading suggestions
In the morning, the market continued to decline, reaching a low around the 106700 line. Yesterday, the market retraced significantly, and currently, it is in a brief recovery and oscillating around the 108100 line. Bulls are gradually accumulating. Over the weekend, Bitcoin is likely to fluctuate in the range of 107000-109000. In terms of trading strategy, one can adopt a high sell and low buy approach to seize oscillation opportunities!
Aggressive traders can consider a direct long position for a rebound.
From the current technical pattern, the market has entered a consolidation phase after a nearly 5000-point deep correction, and market sentiment is clearly cautious. On the 4-hour chart, continuous bearish candles have formed a strong pressure situation. Although there are occasional technical rebounds, they are constrained by shrinking volume and downward pressure from moving averages, indicating insufficient momentum for a counterattack. Currently, one needs to be cautious of a second bottom testing risk. Effective stabilization requires waiting for a MACD divergence signal and volume-price resonance confirmation. Friends who have not yet entered can continue to intervene around the given range, maintaining good risk management while looking upwards.
Trading suggestions:
Long Bitcoin in the range of 107500-108000, target 109000.
Long Ethereum in the range of 2500-2520, target 2600.
#比特币 #比特币走势分析
In the morning, the market continued to decline, reaching a low around the 106700 line. Yesterday, the market retraced significantly, and currently, it is in a brief recovery and oscillating around the 108100 line. Bulls are gradually accumulating. Over the weekend, Bitcoin is likely to fluctuate in the range of 107000-109000. In terms of trading strategy, one can adopt a high sell and low buy approach to seize oscillation opportunities!
Aggressive traders can consider a direct long position for a rebound.
From the current technical pattern, the market has entered a consolidation phase after a nearly 5000-point deep correction, and market sentiment is clearly cautious. On the 4-hour chart, continuous bearish candles have formed a strong pressure situation. Although there are occasional technical rebounds, they are constrained by shrinking volume and downward pressure from moving averages, indicating insufficient momentum for a counterattack. Currently, one needs to be cautious of a second bottom testing risk. Effective stabilization requires waiting for a MACD divergence signal and volume-price resonance confirmation. Friends who have not yet entered can continue to intervene around the given range, maintaining good risk management while looking upwards.
Trading suggestions:
Long Bitcoin in the range of 107500-108000, target 109000.
Long Ethereum in the range of 2500-2520, target 2600.
#比特币 #比特币走势分析
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ETH
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