In this series of technical indicators of moving averages, when the short-term moving average crosses below the long-term moving average, forming a death cross pattern, it is often seen as a signal of a bearish market.
In the K-line chart of Bitcoin, recent prices have shown a fluctuating trend in the high range, forming multiple long upper and lower shadows, which fully indicates significant divergence between bulls and bears in the market. On the daily chart, a clear alternating trend of Yin and Yang can be observed, revealing that the market is currently in an uncertain state. At the same time, although the MACD indicator at the daily level still remains positive, its momentum has shown a weakening trend.
From the current market view, after the rise yesterday morning, the price once retraced to the support level for repeated testing. Currently, it is showing a sideways trend, with the lower support appearing particularly solid and indicating a signal for bottom construction. In the future, it will continue to accumulate strength for another rise.
From the four-hour chart analysis, the Bollinger Bands are narrowing and moving sideways, but still located in the mid-band area. The lower band shows an upward trend, and the KDJ indicator's dead cross pattern is about to form. The bottom support level at 940 points has already stabilized, and a rise in the short term is just a matter of time. Subsequent operations are advised to focus on buying long at low levels! Bitcoin: 93200-94000 upwards, targeting 95500-98000 Ethereum: 1750-1800 upwards, targeting 1860-1960
After multiple attempts, Ethereum has not been able to stabilize and effectively break through 1860, so let's decisively short, directly short 1810–1830, looking at 1760–1680. $ETH
This week's trading is about to end. Looking back on this week, Yan Xi has always maintained a professional vision and accurate judgment to point out the long and short trends for everyone. In the ups and downs of the market, we have seized the opportunity keenly, and have achieved remarkable results whether buying or selling. Every decision is based on the in-depth analysis and judgment of the market, and strives to bring value to users.
Looking forward to the next week, Yan Xi will stick to his post and explore the market trends in depth with a more prudent attitude and a more professional perspective. From macroeconomic data to subtle market indicators, we will consider all aspects, without missing any factors that affect the market trend, and strive to accurately grasp the exit point to help everyone achieve better results. #币圈
Financial management is risky, so be cautious when investing! #投资需谨慎
The weekend market continues to maintain a wide range of fluctuations, no need to say much. The price of Bitcoin has made corresponding adjustments around the 948 area and the 940 point. Looking ahead to next week, I personally believe that Bitcoin is likely to see a slight increase.
From a technical perspective, the overall trend of Bitcoin is currently at the mid-band position of the Bollinger Bands. The daily chart shows a series of small upward movements, but with long upper shadows, indicating that selling pressure still exists above. The KDJ indicator shows an upward trend on the one-hour chart, while it shows a downward trend on the four-hour chart, suggesting a short-term bearish market, with the fast and slow lines approaching the 0 axis area. Overall, the market still revolves around fluctuations. Therefore, we continue to adopt a strategy of selling high and buying low.
Bitcoin recommendation: Buy in the 94000-93500 range,
Target 🎯 first look at 96000, if broken, look at 98000 line $BTC
Two Bitcoin reserve bills in Arizona will undergo their third review at 2 AM Beijing time on Tuesday and may enter the final voting stage.
This is expected to become the first case of a state-level Bitcoin strategic reserve. If the bills are passed, it will undoubtedly be a highly significant positive signal for BTC in terms of historical importance. Please pay close attention to this moment and exercise caution regarding short-selling, as the impact of the bills not passing may be limited, but if they pass, it will be a historic moment.
Evening pancake enters at 92000, successfully arrives at 🛬 target 95000, 3000-point space! $BTC
Rather than wandering alone in the vastness, it's better to ride on the wings of the strong, let their experience illuminate your path, and let the grand pattern break through the ceiling, leading you to a higher realm.
BNB shows a pattern of gradually rising lows on the four-hour chart. The MACD indicator is trending upwards above the zero line, indicating a potential golden cross. The operational strategy remains predominantly bullish!
You can go long above 603, targeting 620, with a defense at 595$BNB