10.9 Bitcoin & Ethereum Evening Market Analysis and Trading Strategies

Core Trend Analysis of BTC/USDT

· 4-hour level analysis: After the price hit the high of $124,000, the bullish momentum has significantly weakened, confirming the effective resistance of the upper Bollinger Band. The current K-line is showing a three consecutive bearish candlestick pattern retracing to the mid-band support, with weak short-term rebound momentum. The death cross formed at the high on the MACD indicator is still ongoing, and the green momentum bars continue to expand, reinforcing the bearish signal for the current cycle.
· 1-hour level structure: The trend is weaker, with the price attempting to break the $122,000 level multiple times but failing to hold effectively. The short-term moving average system has turned downward, forming resistance, accompanied by a continuous decline in trading volume, resulting in a typical "weak rebound, strong correction" technical structure.
· Key Level Alert: Currently focusing on the support line at $121,000. Once this level is broken with significant volume, bearish forces will further dominate the market rhythm, and the downward target range will point to $119,000 - $117,000.

ETH/USDT correlation trend tracking

The Ethereum trend still follows the movement of Bitcoin, but the overall rebound strength is relatively weaker. The $4,400 - $4,450 area has formed a strong resistance zone. If it cannot effectively break through, there is a high probability of testing the key support levels of $4,280 and even $4,100 downwards.

📊 Evening operation strategy recommendations

Currency Operation Direction Entry Range Target One Target Two Stop Loss Reference
BTC bearish 123,000 - 123,800 121,500 120,500 / 117,000 (break below) above 124,300
ETH bearish 4,400 - 4,420 4,280 4,100 (break below) above 4,480

🔔 Risk Control Reminder

· Please pay close attention to the impact of the US stock market opening on macro sentiment in the evening.
· All strategies should strictly set stop-losses, manage positions well, and guard against extreme volatility risks.

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