Yesterday's bearish signal was given, BTC moved down 4000 points, ETH down 200 points, and you profited from it.
The selling pressure from the big players is strong, and a continued decline is highly likely. A slight increase will not change the bear market dominance, so do not rush to catch the bottom; set a good stop loss.
BTC declined from the 119200 level yesterday afternoon, breaking through the box support and the previous low of 114667. Pay attention to the new low of 114239 and the weekly K middle track at 113800.
Thursday's market first declined then rebounded and fluctuated. In the tug of war between long and short positions, seizing the opportunity has led to good gains.
Current market situation: After a weak rebound following a drop to 115700 on the 4-hour chart, there is insufficient volume and the bulls are lacking strength. The upper middle band of the Bollinger Bands has not broken resistance, indicating a bearish bias in the short term. Pay attention to the resistance level at 119000; breaking above may signal a stop-loss or light long position.
Market: The daily MACD red bars are extending, the DIFF and DEA golden cross is widening, bullish continuation; the hourly chart shows slight top divergence with no reversal signal, pay attention to the short-term adjustment after the afternoon surge.
Yesterday, the price initially surged to 119,200 before retreating to 116,900 in the evening. Bulls then pushed the price up to around 117,800. The trend showed weak continuity, with wide fluctuations.
Current Market: The four-hour chart showed two consecutive declines, halting at the middle Bollinger Band. It has found support and is recovering. Bearish momentum is fading, and a return to bullish momentum is highly likely.
The hourly chart showed three consecutive declines followed by two consecutive positive rebounds. KDJ and RSI indicators have turned upward, suggesting a buy-on-low trend.
BTC: Buy around 1170-1175, with a target of 1185-1195.
ETH: Buy around 3730-3750, with a target of 3850-3880. (#ETH )
Yesterday's high-altitude strategy has been validated, and there are some gains; the big coin has short-term adjustment pressure.
Current market situation: Hourly Bollinger Bands are narrowing, moving down along the middle track with light pressure; RSI is oversold and recovering without divergence, the rebound is weak; MACD green bars are shrinking, bearish momentum is decreasing, the death cross below the zero axis remains unchanged, and the trend is difficult to reverse; Four-hour bearish five consecutive declines, breaking the middle track, with sufficient momentum, continuing to fall; Daily line engulfs the gains, with bears in control.
On the four-hour level, Bitcoin has bullishly engulfed the bearish candle and is crossing the middle track, indicating a continuation of the uptrend, reaching near 11.95. Although the bulls are dominant, the resistance at the 120,000 level is strong, with significant resistance, weakening momentum, and difficulty in continuation. If it fails to effectively break and stabilize, the market may face downward pressure in the future, maintaining a bearish outlook.
Operation Suggestions
Bitcoin: Short in the range of 119500 - 120000, target around 118000
Ethereum: Short in the range of 3860 - 3890, target around 3760 #BTC走势分析
Currently, after three consecutive bearish candles on the four-hour chart, there is a bullish rebound, operating at the lower Bollinger Band. The continuation of both bulls and bears is weak, with small fluctuations, and the market has entered a phase of time for space adjustment.
On the one-hour chart, there is a rebound with two consecutive bullish candles, but the upward pressure is heavy, and the bears are still present, causing a slowdown in upward movement. The Bollinger Bands are narrowing, and the MACD fast and slow lines are converging, with a focus on high shorts.
Trading Suggestions
Bitcoin: Short in the range of 116500—116800, target 115000.
Altcoin: Short in the range of 3660—3680, target 3550#BTC .
Market Analysis: On the four-hour level, the market has rebounded with two consecutive bullish candles and then pulled back. Resistance at 119500 is strong, close to the middle line of the Bollinger Bands, still within a volatile range. MACD fast and slow lines are merging, indicating a tug-of-war between bulls and bears.
On the hourly level, after a significant bearish pullback, there is a subsequent bullish rebound. KDJ shows a death cross, and the MACD histogram is shrinking above the 0 axis. Before breaking through the pressure, maintain a high short strategy for rebounds.
The main cryptocurrency surged to 118,491 in the early morning before pulling back to 117,384, while the altcoin touched a high of 3,614 before retreating to 3,528, with the short position provided being precise and accurate.
The 4-hour candlestick chart shows continuous long lower shadows, indicating strong buying support below during pullbacks. The bears have repeatedly pressed down, yet the bulls have still managed to pull the closing price back to near the middle band of the Bollinger Bands, firmly holding this key support level.
Trading Suggestions:
Main Cryptocurrency: Long in the range of 118,000—118,500, target 119,500.
Altcoin: Long in the range of 3,600—3,620, target 3700#BTC突破7万大关 .
The main cryptocurrency surged past 120000 in the morning but faced pressure, reaching a high of 120257, then declined in the afternoon, with a low of 117000 in the evening; the second cryptocurrency surged to 3762 from midnight to morning before pulling back, hitting a low of 3552, with bullish momentum weakening and a short-term bearish outlook.
Four-hour Chart: After breaking through the middle track, there was a significant drop, with MACD showing a dead cross in the negative zone.
One-hour Chart: Following two consecutive bullish candles, there was a significant bearish pullback, with the Bollinger Bands opening downwards, the middle track shifting down, and moving averages indicating a bearish trend; the bearish candle has an upper shadow, with support at the lower track, showing a slight rebound, but bears remain dominant.
Trading Suggestions
Main Cryptocurrency: Short in the range of 118500—119000, target 116500.
Second Cryptocurrency: Short in the range of 3620—3640, target 3500#btc70k .
Use solid strength to dispel all doubts, market trends will prove everything Big pancake 1000 points space Second pancake 100 points space #以太坊突破3700
In the evening, the large pie first rose and then fell, reaching a high of 119675 before encountering pressure and dropping to 117620, followed by a rebound, currently oscillating around 119500. U.S. stocks briefly retreated after opening but have since rebounded and are now showing oscillation.
Currently, on the hourly and four-hour levels, the Bollinger Bands are opening upwards, MACD bullish momentum is being released, and KDJ is rising, indicating a bullish trend ahead.
Operation Suggestions
Large Pie: Buy near 118500—119000, target 121000.
Second Pie: Buy near 3640—3670, target 3760#BTC走势分析 .