1.4 Daily Bitcoin and Ethereum Trading Suggestions and Direction Sharing


The recent market pulse has been quietly beating amidst the silence of the white session. Every volume contraction and stabilization after a long bearish candle, every increasing bullish candle after a period of fluctuation, are silent choices of trend after intense struggle. Good morning everyone. These days, I have been busy with personal matters and haven't updated in time. Sorry, things will return to normal soon. First, let's review the evening market situation. In the evening, Bitcoin remained in a sideways upward phase after opening, stretching from around 89,800 to 91,590, then facing resistance. It has slightly pulled back to around 91,140, fluctuating up and down. Overall, it still appears to be in a predominantly upward phase.
From the current market perspective, on the 4-hour chart, the market is showing a 5-day consecutive bullish trend with oscillating upward movement. After a brief stretch above the upper band, it faced resistance and pulled back. The three moving averages continue to rise, indicating a significant short-term bullish trend. On the 1-hour chart, Bitcoin is oscillating around the middle band, showing a short-term pattern of rising then falling. The upper band faces significant resistance, while the lower band provides short-term support. Both KDJ and RSI are in overbought zones, suggesting a higher risk of short-term correction. The MACD signal lines maintain a golden cross, but the MACD histogram narrows, indicating weakening bullish momentum. The altcoin (二饼) is moving in sync with Bitcoin, with high correlation. Therefore, the midday trading strategy continues to follow the morning's approach of buying high and selling low.
Bitcoin around 91,100 to 91,600 can be considered for short-term trading, with attention to 89,000.
Altcoin (二饼) around 3,140 to 3,170 can be considered for short-term trading, with attention to 3,050.
ETH0,88%
BTC-1,1%
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