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1.1 Afternoon Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, Bitcoin and Ethereum are fluctuating around the 87,600 level. The narrowing of the MACD gap indicates a short-term consolidation with narrow fluctuations, showing a short-term sideways trend. MACD indicator: DIF and DEA are forming a golden cross in the early stage, with the MACD histogram turning positive from negative, indicating a gentle release of momentum. However, DEA is still in the negative zone, suggesting limited rebound strength. Key short-term support and resistance:
Support level: The lower band at 87,000 can serve as an important short-term support. If broken, it may test previous lows further. Short-term resistance level: The middle band near 87,900 forms a short-term upward resistance. A volume breakout is needed to open up space. Overall, the short-term trend leans towards consolidation, so afternoon trading suggestions mainly focus on buying low and selling high.
Bitcoin around 87,500 to 87,000 can be bought, watch for 89,000, and set stop-loss at 87,000.
Ethereum around 2,980 to 2,950 can be bought, watch for 3,050, and set stop-loss at 2,930.