The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. But its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market fluctuations are not risks; the inability to understand trends is the biggest risk.
The current price of Bitcoin is approximately $111,500, in a range-bound pattern, fluctuating between the key support level of $111,000 and the resistance level of $113,000. The technical indicators show that short-term momentum has strengthened, with the price breaking through the short-term moving average and forming a bullish engulfing pattern. However, the extremely low trading volume has led to a divergence between price and volume, indicating insufficient upward momentum, and the effectiveness of the trend reversal still needs further confirmation. On the daily level, it remains in the oscillation recovery phase following the previous significant drop. The 2-hour candlestick chart has continuously closed in the green, with higher highs and higher lows, showing a bullish pattern in the short term, but the daily MACD bearish pressure has not completely dissipated.
Bitcoin trading range suggestion: You can short in the range of $113,500-$113,000, targeting around $111,300.
Ethereum rose to $4,662 last night and has also experienced a pullback, reaching around $4,520 this morning.
From a technical perspective, the daily chart shows a divergence in volume and price, with short-term moving averages converging. The RSI indicator shows balanced market sentiment, and the daily candlestick has formed a strong bullish candle. However, the short-term upward space is limited by the resistance level of $4,700.
Trading range suggestion: Short on a rebound to $4,630-$4,670, targeting $4,500-$4,450.
Due to the time-sensitive nature of price points, there may be delays in post reviews, so specific operations should be based on real-time market conditions. The above trading range analysis is for reference only; the cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.
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