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Trend: Both BTC and ETH are in a short-term downtrend, trading below key moving averages (EMA and MA). The price is also nearing the lower Bollinger Band, which indicates possible oversold conditions.
MACD: Bearish crossover, showing momentum still favors sellers.
RSI:
BTC: 43.94 (Neutral but close to oversold)
ETH: 33.32 (Near oversold)
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Trading Strategy for Different Timeframes
1-Day Strategy (Swing Trading)
Trend: BTC & ETH are in a corrective phase.
Strategy:
If RSI drops below 30 (oversold), wait for a bullish reversal pattern to go long.
Look for bullish divergence in MACD before entering long trades.
Resistance: BTC ~ $89,837 | ETH ~ $2,154
Support: BTC ~ $78,696 | ETH ~ $1,754
Target: 3-5% profit per trade.
4-Hour Strategy (Short-Term Trades)
Trend: BTC & ETH are testing recent lows.
Strategy:
If price bounces from support zones with strong volume, go long.
Short below resistance if price shows rejection.
MACD crossover on a 4H chart can indicate a trend change.
Suggested SL (stop loss): 2% below support.
1-Hour Strategy (Scalping)
Trend: Consolidation with weak momentum.
Strategy:
Enter trades when RSI crosses above 50 for bullish momentum.
š 1. Spot Trading Strategy š¹ Best for Long-Term Investors & Swing Traders š Identify Trend Direction (4-Hour & Daily Chart) ā $ETH above 200 EMA ā Bullish Bias (Look for long positions). ā ETH below 200 EMA ā Bearish Bias (Look for short opportunities). š Fibonacci Retracement Levels for Spot Entries