2.5 Thursday Early Morning Market Analysis:



Yesterday, Bitcoin's intraday price reached a low of around 72,800 before rebounding to around 76,900. Later, it oscillated around 76,900-75,500, then fell back from 76,900, continuing the downward trend, and in the evening, the bearish momentum persisted, dropping back to around 73,700 with sideways movement.

Ethereum dipped to around 2,103 before rebounding to around 2,353, then fell back to around 2,211. In the morning, it rose to around 2,295, then retreated from 2,295 with increased selling pressure, falling back to around 2,135.

The intraday market overall shows a sideways pattern, still testing the lows. Currently, the daily chart shows decreasing volume at the bottom, with bullish candles turning into upper shadowed bearish candles. MACD remains diverging downward, and KDJ is also diverging downward. The four-hour timeframe shows a triple bearish candle pattern with three consecutive down candles. The MACD shows a death cross heading downward, and KDJ is diverging downward. The hourly timeframe indicates increasing bearish momentum with three consecutive down candles with upper shadows. The MACD shows a death cross downward, and KDJ is gradually converging and moving upward. Overall, the market trend is mainly bearish with downward correction.

Thursday Early Morning:

Market short around 75,000-74,700, with a target near 73,000-72,500; otherwise, consider long positions.

Market short around 2,165-2,185, with a target near 2,115-2,085; otherwise, consider long positions.

Investing involves risks; profits and losses are your own responsibility. Market volatility is high, so pay attention to risk management and defensive strategies. Profit within the range can secure gains.
BTC-2,21%
ETH-2,58%
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YoungMasterZhaoHodlvip
· 4h ago
Gong Zonghao, Young Master Zhao HODL
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