The cryptocurrency world is full of opportunities and challenges. We need to maintain a clear mind at all times so that we are not influenced by short-term market fluctuations. It is inevitable to encounter some setbacks in the crypto space. We must understand that every difficulty we face is a stepping stone towards success. We should learn to view problems with a long-term perspective; without taking small steps, we cannot reach great distances. The road to success is destined to be winding and long!
Feiran's Cryptocurrency Analysis 8.4 (Written at 06:30) BTC Market Analysis and Trading Suggestions:
The recent performance of Bitcoin has been sluggish. Although the price touched a bottom and rebounded around 112,000, there has been no significant increase in buying volume during the rebound. This round of rebound can only be seen as a technical adjustment after an earlier oversell. The daily chart shows that Bitcoin has recovered the entity of the previous day's bearish candle, but the price is once again under pressure around 114,500. The willingness to rebound is not strong. On the 4-hour chart, Bitcoin is under pressure from the middle band of the Bollinger Bands and major moving averages, making upward movement difficult. Market bullish sentiment is low, and on the hourly chart, Bitcoin faces divergence risks. The resistance at 114,500 cannot be broken, and the risk of a pullback is significantly increasing. The morning strategy continues to look bearish on the rebound.
BTC Trading Suggestions:
It is recommended to short around 114,400-114,500 on the rebound, targeting 113,500-113,000. If it breaks down, continue to look lower, with a stop loss at 115,000.
Ethereum is facing dual pressure from the middle band of the Bollinger Bands on the 4-hour chart and the upper band on the hourly chart. The price has repeatedly faced resistance around 3,500, and the resistance above is very clear. As long as there is no significant upward movement during the day, or if the price does not stabilize above the 3,500-3,550 resistance zone, it will be difficult for the bulls to show strength. The short-term strategy remains focused on shorting at highs.
ETH Trading Suggestions:
It is recommended to short in batches around 3,500-3,520 on the rebound, targeting 3,430-3,350. If it breaks down, continue to reduce positions and look higher, with a stop loss at 3,570.
The strategies in this article may have a time lag and are for reference only. Please view them rationally, and you are responsible for your own profits and losses!
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