Cryptocurrency Trading Insights: Bitcoin Drops Below Support at 82,000, Beware of the 'Floor Price' Trap! Ethereum has Entered the 'Oversold Zone'! Is a Rebound Imminent?
Current Bitcoin Price: 115,300. The market is in a downward trend, continuously falling from the high of 120,400. Recently, it has shown signs of stabilization around 115,000. Therefore, from a short-term perspective, based on candlestick and technical indicator analysis, the overall market trend remains weak. Although RSI and MACD show some signs of rebound, the trend has not yet reversed. The market may continue to maintain weak fluctuations, with the possibility of further testing the support at the lower Bollinger Band. We should also be cautious of the risk of breaking below the 113,850 support level. Finally, it is suggested that short-term traders reduce their positions and remain on the sidelines. If there are clear rebound signals, small positions can be attempted for participation, but do not be greedy. The main risk management is subject to significant volatility in the short term; it is recommended to set stop-loss levels to cope with potential continued downward pressure.
Short-term Strategy Reference:
Long Entry Point: 114,500, Stop Loss: 114,000, Stop Loss Distance: 500 points, Target: 118,000
Short Entry Point: 118,500, Stop Loss: 119,000, Stop Loss Distance: 500 points, Target: 116,500
Latest Ethereum Market Analysis
As of the time of writing, the current price of Ethereum is 3,610. From a short-term perspective, Ethereum is overall in a downward trend, with prices fluctuating near the lower Bollinger Band. RSI is close to the oversold area, but no significant rebound signals have appeared. MACD shows that bearish momentum has weakened, and there may be a slight chance of a rebound, but the overall trend remains bearish. Finally, it is suggested to wait for clear rebound signals, focusing on the performance near the lower Bollinger Band and the crossover of the MACD fast and slow lines. The support at 3,500 is a strong support level. If the price tests lower and stabilizes here, consider a small position for tentative buying, waiting for rebound confirmation. Below that, be wary of greater decline risks. The current market is weak, do not chase highs, and pay attention to setting stop-loss levels. The short-term stop-loss level can be set below 3,560 to ensure controllable risk.
Short-term Point Reference:
Long Entry Point: 3,500, Stop Loss: 3,450, Stop Loss Distance: 30 points, Target: 3,650
Short Entry Point: 3,700, Stop Loss: 3,750, Stop Loss Distance: 30 points, Target: 3,600
