6.9 Early morning Bitcoin and Ethereum market analysis ~ Weekend trading volume is sluggish, and the market is leaning towards consolidation. Can Bitcoin stabilize against the resistance at 106,800?

CN
孟晓瀚
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10 hours ago

The high sell-low buy strategy laid out early yesterday morning was successfully executed, with the position in the market being established, and Ethereum successfully profiting. It's a pity that the low buy point was not reached; congratulations to those who followed along.

The weekend market has shown little fluctuation, leaning towards slight oscillations. Currently, Bitcoin's daily price has once again risen above the MA 5 and 10-day moving averages. The current middle line of the BOLL band serves as a dividing line for short-term bullish and bearish trends. If tomorrow's daily update shows Bitcoin stabilizing above the middle line, it will continue the bullish rebound trend. Looking at the 12-hour chart, the current K line has experienced five consecutive bullish candles, with the price slightly rebounding based on the MA 5 and 10-day moving averages. The downward pressure from the MA 30-day moving average has begun to flatten, and the upper BOLL band shows signs of widening. The TD indicator has reached TD4; as long as the price does not break below the support of the MA 5 and 10-day moving averages in the short term, bullish sentiment will continue. The price must stabilize above the 106800 level for the bulls to open up more space.

After the 4-hour line closed in the early morning, the price slightly rose based on the MA 5 and 10-day moving averages. The MACD and KDJ indicators are showing slight resonance in the upward direction, and the upper BOLL band shows signs of widening. Looking at the hourly chart, the current market trend leans towards slight upward oscillation, with support at the low point around 105000 and resistance at the high point around 106800. Bitcoin needs to stabilize to have more room to move, so for the early morning operations, my personal view is to focus on low buys primarily, with high sells as a supplement (to avoid a door-like trend), which seems more prudent.

Operational Strategy: Sell at 106800-107300, Target: 105500-104500, Stop Loss: 107600

For low buy points, reference: 105200-104500, Target: 106800-107500

Ethereum's overall trend is currently basically in sync with Bitcoin, but its strength and resistance to declines are weaker than Bitcoin. Additionally, there is strong resistance on the daily and 12-hour charts, with resistance at the high point around 2540-2570 and support at the low point around 2490-2460. Therefore, the short-term view remains consistent with Bitcoin, focusing on low buys primarily, with high sells as a supplement.

Operational Strategy: Sell at 2540-2570, Target: 2500-2480, Stop Loss: 2590
For low buy points, reference: 2500-2470, Target: 2540-2570
This is expected to be sufficient for the short-term trend, and I will continue to follow up.
Personal views are for reference only; there may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please exercise caution when entering the market. Analysis is not easy; feel free to like and follow the public account for surprises!

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