The overall trend is still in a bullish trend, but in the short term, the market is in a consolidation phase. The current bearish trend has emerged, and if there is a market pullback, it has not yet reached the support for the pullback. We will continue to focus on the area around 1065, and the daily layout will continue to revolve around this bearish trend.
Looking at the data, on the hourly chart, the price is hovering near the lower band, and the Bollinger Bands are overall developing downwards. The MACD bearish momentum is shrinking, and there is still some upward space in the short term. The RSI trading volume has rebounded after breaking into the oversold area in the early hours, and we will focus on the rebound space for the daily layout.
Regarding Ethereum, the price has reached near the middle band, the Bollinger Bands are expanding overall, the MACD bearish momentum is shrinking, and there is still some upward space in the short term. The KDJ is watched to see if a golden cross forms upward. The layout is similar to Bitcoin; Ethereum is currently at a low price, Bitcoin needs to double at 1000 points, while Ethereum only needs more than twenty points. Sometimes, Ethereum may double while Bitcoin hasn't moved yet. Traders should understand the importance of securing profits!
Operation:
Bitcoin is around 1088-1093, targeting down to 1073-1078.
Ethereum is around 2798-2835, targeting down to 2702-2740. #看懂K线 #美国加征关税 #币安Alpha理财中心 #BTC #ETH $BTC $ETH $XRP