#CryptoFees101 6.9 Bitcoin/Ethereum Market Analysis
Bitcoin
- Trend: Fluctuation in the early morning, after reaching a high of 106433, it retreats, with a predominance of bears.
- Technical Analysis: MA7 is declining, the price falls below MA7 and MA99, pressured by MA25; MACD shows a bearish crossover, increasing the strength of the bears.
- Strategy: Sell at 105800-106000, target 104500, stop loss above 106500.
Ethereum
- Trend: Interconnected fluctuation, pressured near 2520.
- Technical Analysis: The price is below the moving averages, weak volume, MACD shows a bearish crossover.
- Strategy: Sell at 2520, target 2450, stop loss above 2550.
Note: Market volatility is high, strictly monitor position and stop loss.