Market Analysis丨Bitcoin and Ethereum surge then pull back, focus today on the support levels during the retracement
Looking at Bitcoin from the daily chart, yesterday’s long lower shadow bounced off the MA60 daily moving average. Currently, the short-term resistance is at 9.45, and the key is whether it can break above this level effectively. On the 4-hour chart, the MA30 daily moving average provides support around 9.17. If the price retraces to this level without breaking below, it’s a bullish opportunity. On the 1-hour chart, the MA120 daily moving average also aligns with the 9.17 level; holding this support could be a signal to consider going long.
Ethereum’s situation is a bit different. On the daily chart, the price is approaching the MA256 daily moving average at around 3350, very close. If today’s price drops near this level, it could be an opportunity to short. Support levels to watch are the 4-hour MA10 daily moving average at 3250, and further down, the 1-hour MA60 daily moving average at 3210. Today’s trading range is roughly between 3200 and 3350; trade according to which side shows strength.
**Noon Trading Recommendations** (Published at 14:30)
$BTC: Going long at around 9.2. Add to positions if it retraces to 9.1, targeting 9.3 to 9.4. If there is selling pressure in the 9.35 to 9.45 zone, shorts could look for a retracement of 1000 to 2000 points.
$ETH: Focus on long positions around 3220. Add to positions if it retraces to 3170, with targets at 3280 to 3330. If resistance appears at 3350 to 3400, consider shorting for a retracement of 600 to 1000 points.
The accuracy rate of daily analysis strategies remains quite stable. Analyzing these markets takes effort, and I hope everyone can support by following, bookmarking, liking, and commenting. Thank you all. Feel free to discuss in the comments; I will reply to each one.
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MemeKingNFT
· 01-07 14:00
Is 9.17 going to break again? Last time, I was told to stay steady, but it dropped 2000 points for me.
View OriginalReply0
PseudoIntellectual
· 01-07 07:11
If this line at 9.17 can hold steady, it will be interesting. The key still depends on today's trading volume.
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I got in when ETH dropped to 3210 this time; range trading is the most stable.
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Hanging around 9.2 every day. When will it break through? Getting a bit annoying.
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The hit rate is stable, but last time your signal led to a direct stop-loss.
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That 3350 line is indeed a hurdle. Focus on its performance today.
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BTC bulls are still the main theme; it all depends on whether it can hold steady at 9.17.
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It's the same theory again. Feels like the whole circle is analyzing it this way now, nothing special.
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Shorting ETH does have some opportunities, but the risks are also quite high. Better to be cautious.
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This range trading approach is pretty good, much more reliable than those shouting randomly.
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If it can't break 9.45, it probably will pull back again. Feeling a bit tired.
View OriginalReply0
ResearchChadButBroke
· 01-07 07:10
9.2 entering more is correct, adding at 9.1 is more stable.
ETH's recent move at 3220 is indeed a good point.
Hey, MA60 is probably going to be broken again by your spells, haha.
HODLing coins is the way to go; these short-term tricks are not worth it.
Using this set of parameters every day, is the hit rate really reliable? I feel like I've been scammed before.
The 3350 level is really holding strong, it's up to you.
View OriginalReply0
RamenStacker
· 01-07 07:09
Hmm, this wave's support level indeed seems quite tight, let's see if it can hold.
Wait, is your hit rate really stable? I got wiped out by an analysis I followed a couple of days ago.
That line at 9.17 feels a bit risky, better to wait and see.
ETH's range trading sounds good, but it's a bit annoying to be stuck at the same levels every day.
A trade I followed yesterday was very close to exploding, almost got wiped out, now I'm a bit afraid to enter again.
MA60 is indeed a good reference, but it feels like the recent adjustment cycle has become longer.
Be careful when adding positions, don't get caught in a trap.
Entering long at 3220 is okay, just see if it can hold steady. If it breaks below 3170, consider stopping loss.
View OriginalReply0
EternalMiner
· 01-07 07:08
Oh no, it's that moving average theory again. Can't we try a different approach?
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MA60, MA30, MA120—analyzing like this every day, can I make money? Why am I still losing?
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Breaking through this 9.17 barrier is essential; otherwise, it's just a false rebound.
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If Ethereum really drops to 3210, it's a big opportunity for bears, but I'm still cautious.
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If your daily hit rate is stable, then why are some still losing? Is it a matter of execution?
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After so much analysis, it all comes down to market feel. Even perfect data can sometimes lead to a failure.
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I'll keep an eye on the 3200 to 3350 range, waiting for a retracement opportunity before acting.
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Spent so much effort analyzing, hope it doesn't get broken through today’s support level.
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Can BTC break through 9.45 in one go? It's really annoying to keep oscillating in this range.
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Just add to the position if needed. Why does it feel like the risk points haven't been clearly explained?
View OriginalReply0
CantAffordPancake
· 01-07 07:08
9.2 entered more, just waiting for a pullback to 9.1 to add positions. Do you think it can break 9.45 today?
The rapid pace is a bit fast, be careful of a drop, and the bears also need to wait.
How do you feel about entering at 3220 in this ETH move? Could it directly break through 3170?
The MA line setup is indeed reliable. Following it daily, I haven't lost money.
That 9.45 line feels like a significant resistance. Only if it can break above that is it truly a bullish trend.
The key level at 3350 is a bit tight. If broken, it might be worth looking for a pullback opportunity.
That's how the market is. It still depends on technical analysis. Hope this midday move doesn't turn into a failure.
View OriginalReply0
TopBuyerForever
· 01-07 06:50
Damn, it's another 9.2 long position. Last time I listened to you, now I'm stuck and numb.
People are still sleepwalking; these data look a bit psychedelic.
Add to position at 3220? Bro, I’ve already lost my principal, what’s the point of adding more?
My daily hit rate is stable, why do I always make money by doing the opposite?
All that talk about this and that, might as well look at the emoji reactions on the order book for better accuracy.
Now I want me to follow, like, and share—playing tricks like this is really slick.
If you’re really this stable, why are you still writing articles here?
Really? Can 3350 really be smashed down? I bet 5 bucks it can’t.
View OriginalReply0
DeFiCaffeinator
· 01-07 06:43
9.17 this threshold being stable is good, otherwise it will be another hassle
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ETH this wave feels a bit overwhelming, the 3350 level is really worth cherishing
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Is the stable hit rate just hype or real? Let’s observe for a few weeks and see
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Missed it this morning, is it still possible to get in now, everyone?
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The MA combinations are all aligned, this wave indeed looks promising
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Another day of constant tug-of-war, so exhausting
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Holding firm that 9.17 won't break is the golden rule; if it breaks, it's GG
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Feels like the analysis is pretty good, but execution always falls a bit short
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The range from 3200 to 3350 is today's menu, I guess
Market Analysis丨Bitcoin and Ethereum surge then pull back, focus today on the support levels during the retracement
Looking at Bitcoin from the daily chart, yesterday’s long lower shadow bounced off the MA60 daily moving average. Currently, the short-term resistance is at 9.45, and the key is whether it can break above this level effectively. On the 4-hour chart, the MA30 daily moving average provides support around 9.17. If the price retraces to this level without breaking below, it’s a bullish opportunity. On the 1-hour chart, the MA120 daily moving average also aligns with the 9.17 level; holding this support could be a signal to consider going long.
Ethereum’s situation is a bit different. On the daily chart, the price is approaching the MA256 daily moving average at around 3350, very close. If today’s price drops near this level, it could be an opportunity to short. Support levels to watch are the 4-hour MA10 daily moving average at 3250, and further down, the 1-hour MA60 daily moving average at 3210. Today’s trading range is roughly between 3200 and 3350; trade according to which side shows strength.
**Noon Trading Recommendations** (Published at 14:30)
$BTC: Going long at around 9.2. Add to positions if it retraces to 9.1, targeting 9.3 to 9.4. If there is selling pressure in the 9.35 to 9.45 zone, shorts could look for a retracement of 1000 to 2000 points.
$ETH: Focus on long positions around 3220. Add to positions if it retraces to 3170, with targets at 3280 to 3330. If resistance appears at 3350 to 3400, consider shorting for a retracement of 600 to 1000 points.
The accuracy rate of daily analysis strategies remains quite stable. Analyzing these markets takes effort, and I hope everyone can support by following, bookmarking, liking, and commenting. Thank you all. Feel free to discuss in the comments; I will reply to each one.
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