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Bitcoin (BTC) Latest Market Analysis
As of the time of writing, the current price of Bitcoin is 105,600, with a daily K-line high of 106,000 and a low of 102,650. Bitcoin continues to consolidate at a high level, and the daily divergence has lasted for a long time. The MACD shows a decrease in volume and accumulation, but the DIF and DEA remain at a high level without breaking the zero axis. The daily K-line has fallen below the middle track of 106,400, and we should pay attention to the lower track support at 101,850. The four-hour fast line has entered a short trend, and after the K-line broke below the EMA trend indicator, it began to test the trend resistance level around 106,000. The MACD shows a decrease in volume, and if the trend resistance level is not broken, we can consider shorting. If it breaks, we need to consider whether the bulls will open up. The mindset is to be prepared with a red heart and two hands.
Daily Point of Reference:
If the upper range of 106,000 to 106,400 is not broken, go short, targeting 105,500 to 105,000. If broken, look for 104,500 to 104,000, with a stop loss of 300 points.
If the upper range of 106,000 to 106,400 is broken, go long, targeting 107,000 to 107,500. If broken, look for 108,000 to 108,500, with a stop loss of 300 points.
Ethereum (ETH) Latest Market Analysis Reference
As of the time of writing, the current price of Ethereum is 2,550, with a daily K-line high of 2,645 and a low of 2,433. The three consecutive declines continue to probe deeper, forming a three black crows bearish pattern, continuously breaking through short and medium-term trend support. Pay attention to the EMA120 trend support at 2,370 and the lower Bollinger Band support at 2,400. The four-hour K-line shows a clear short trend. After hitting the EMA120 resistance level at 2,580, it fell back, indicating effective pressure and continuation of the bearish trend. After a decrease in volume in the MACD, the DIF and DEA have started to fall into the zero axis. Overall, the short-term bearish trend is evident, and the key pressure level must not be broken for the bearish trend to continue.
Daily Point of Reference:
If the upper range of 2,580 to 2,610 is not broken, go short, targeting 2,550 to 2,500. If broken, look for 2,450, with a stop loss of 30 points.
If the upper range of 2,580 to 2,610 is broken, go long, targeting 2,650 to 2,700. If broken, look for 2,750, with a stop loss of 30 points.
Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, so it is recommended for reference only, and the risk is borne by the reader.
This article is exclusively contributed by the crypto community scholar and represents the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. The risk is borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The crypto community scholar wishes you happy investing!
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