From the 4-hour technical chart observation, the current market shows a weak consolidation pattern. In the MACD indicator, the fast and slow lines continue to operate below the zero axis, with green momentum bars continuously being released, indicating that bearish forces dominate. At the same time, the short-term moving average EMA7 has crossed downward through the long-term moving average EMA30, forming a death cross, which constitutes a bearish signal. The price fluctuates narrowly between the two moving averages, and the candlestick pattern shows a downward oscillation trend, with each rebound high and pullback low continuously moving downward, indicating that the market is overall in a correction trend, with bears still holding the dominant advantage, and this weak pattern may continue in the short term.
Position Establishment
Bitcoin around 935 looking down to around 920 Ethereum around 178 looking down to around 170 #加密市场反弹 #比特币大亨惊爆预言
After falling to 85750 in the last US session, BTC rebounded again after finding support near 83500. US stocks rose slightly on Monday, and today it will still fluctuate around 84800 during the day. In the short term, both long and short positions are viable.
On the daily chart, the upward momentum is increasing, and the weekly chart has released two signals indicating a slowdown in downward momentum, which suggests that the upward trend is still in place.
During the day, watch around 85000, and look for 84000.
The support point below is near 83800, and look for 85000#区块链 .
Morning Thoughts Good morning on Monday, the flight direction has turned sharply, the 1-hour moving average continues to show a dead cross in a downward bearish arrangement, bearish volume is still present. The resistance from the lower edge of the previous consolidation box around 85000 is suppressing the rise, leading to a drop after encountering pressure. This morning, directly looking at
Bitcoin is around 84800, directly looking at 83000
Ethereum is directly looking at 1610, observing 1540
Morning Thoughts The red three soldiers pattern indicates strong buying power, and the grabbing the belt line further strengthens the bullish signal, while the bottom formation may suggest a short-term rebound.
Action Suggestions For Bitcoin near 79500, go long, target 82000. For ETH near 1520, go long, target 1580.
The big pancake took this wave to do Duo, although it was a bit long, the prediction was still quite close. I want to say sorry in this post, 83000 was written as 8300, I personally feel that it can be understood, #比特币 #BTC走势分析
In the short term, the market may continue to remain in a volatile state, pay attention to whether the upper Bollinger Band at 83590.9 can be突破决定未来趋势方向.
Operation Suggestions Bitcoin around 82000, look for a target of 84000 Ethereum around 1620, look for a target of 1690
Short-term downtrend, recent signs of stabilization, slight rebound, low trading volume. MA: The 7-day moving average shows a downward trend, approaching or breaking below the 30-day moving average, indicating a short-term bearish market. Volume: High trading volume leads to significant price fluctuations, followed by low activity, the market enters a consolidation phase.
Trading Suggestions Bitcoin around 79500, target 78000 Ethereum around 1580, target 1530
From a technical structural analysis, the overall market is currently in a warming state, oscillating at high levels recently, forming several upward shadows. This indicates that the market direction is not clear, and the strength of bulls and bears is relatively balanced. Although there is a rebound effect, the overall trend remains downward, and this situation is unlikely to change in the short term.
From the KDJ indicator perspective, the hourly lines are opening upwards, suggesting that there will be an upward movement in the short term. However, there is sufficient pressure above, and the upward range is limited. When operating, it is necessary to closely monitor market dynamics, combine technical analysis and fundamental conditions, and make decisions cautiously. Given this point, we still maintain a bullish outlook.
Operational Suggestions Buy Bitcoin around 80,000, target near 78,000 Buy Ethereum around 1,580, target near 1,500
In the current market wave, everyone must not rush to catch the bottom. Observing from the four-hour level, after experiencing a round of unilateral decline, although there are some signs of rebound, the overall downward trend has not changed, and the price remains suppressed below the lower Bollinger Band, clearly still deeply trapped in the long process of seeking the bottom.
Operation Suggestions Short at around 76600 for Bitcoin, target at 74000 Short at around 1500 for Ethereum Classic, target at 1450
In the short term, although a bullish engulfing pattern has appeared, due to the previous black three soldiers pattern and overhead pressure, and the overall relatively weak market sentiment, the short-term rebound may be limited, and there is still downward pressure.
Trading Suggestions Short Bitcoin near 82300, target 81500 Short Ethereum Classic near 1760, target 1720
The recent candlestick chart for Bitcoin has formed multiple long upper shadow bearish candlesticks, indicating heavy selling pressure above. In the 4-hour timeframe, there have been multiple rebounds that failed to break the previous high, suggesting the market is facing a pullback pressure. The 4-hour Bollinger Bands have started to open upwards, indicating there is still some room for upward movement. Our perspective remains bullish, and we suggest entering positions at lower levels in the evening.
Trading Suggestions Enter long positions near 82500 for Bitcoin, with a target of 83800. Enter long positions near 1780 for Ethereum, with a target of 1840.