Thursday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Good afternoon, friends! Bitcoin reached a high of around 106770 yesterday and a low of around 104100; Ethereum surged to around 2680 and dipped to around 2590. After reaching high prices, the market began to oscillate downwards within a narrow range. The real trading by Lao Tian is also focused on strategically navigating the range. Recently, the market has been in a phase excluding U.S. stocks, and overall volatility has been limited. We continue to maintain a strategy of shorting on highs and longing on lows during the afternoon. For aggressive traders, now could be a time to take a small position for a potential rebound.
Looking at the daily chart, there have been consecutive bearish candles accompanied by multiple doji candlestick patterns, and the K-line bodies are generally small. This combination may indicate a rhythmic washing of positions in the market. Last night, prices peaked and retreated, ultimately closing with a bearish candle, indicating that a clear one-sided trend has not yet formed, making it difficult to grasp the trading rhythm. Examining the four-hour chart, prices have repeatedly dipped but managed to rebound each time, with the lows gradually rising, indicating relatively effective support below. However, the resistance area above has not been effectively broken, limiting short-term price fluctuation space and lacking sustained directional momentum. In summary, under the current oscillating and unclear directional pattern, the trading suggestion for the day is to follow the oscillating strategy. The strategy could focus on shorting opportunities when prices rebound to the resistance area.
Afternoon Trading Suggestions:
Short Bitcoin in the range of 105500-106000, target 104000.
Short Ethereum in the range of 2650-2680, target 2600.
#比特币 #比特币走势分析
Good afternoon, friends! Bitcoin reached a high of around 106770 yesterday and a low of around 104100; Ethereum surged to around 2680 and dipped to around 2590. After reaching high prices, the market began to oscillate downwards within a narrow range. The real trading by Lao Tian is also focused on strategically navigating the range. Recently, the market has been in a phase excluding U.S. stocks, and overall volatility has been limited. We continue to maintain a strategy of shorting on highs and longing on lows during the afternoon. For aggressive traders, now could be a time to take a small position for a potential rebound.
Looking at the daily chart, there have been consecutive bearish candles accompanied by multiple doji candlestick patterns, and the K-line bodies are generally small. This combination may indicate a rhythmic washing of positions in the market. Last night, prices peaked and retreated, ultimately closing with a bearish candle, indicating that a clear one-sided trend has not yet formed, making it difficult to grasp the trading rhythm. Examining the four-hour chart, prices have repeatedly dipped but managed to rebound each time, with the lows gradually rising, indicating relatively effective support below. However, the resistance area above has not been effectively broken, limiting short-term price fluctuation space and lacking sustained directional momentum. In summary, under the current oscillating and unclear directional pattern, the trading suggestion for the day is to follow the oscillating strategy. The strategy could focus on shorting opportunities when prices rebound to the resistance area.
Afternoon Trading Suggestions:
Short Bitcoin in the range of 105500-106000, target 104000.
Short Ethereum in the range of 2650-2680, target 2600.
#比特币 #比特币走势分析
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
105,600.08
+0.78%
ETH
2,516.5
+1.17%