The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, 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 volatility is not a risk; not understanding the trend is the biggest risk.
Bitcoin's price is oscillating between strong support at $107,350 and strong resistance at $112,000. The technical indicators show significant divergence between bulls and bears, with signs of a rebound appearing on the daily chart after a substantial decline. Recently, a bullish engulfing pattern has emerged, suggesting a possibility of a short-term rebound, but overall it remains in a downtrend, with the moving average system showing a bearish arrangement and trading volume continuing to decrease, indicating weak market sentiment.
The 2-hour candlestick chart is oscillating upward but has not yet broken through the key resistance level. The MACD momentum is weakening, with a golden cross expected, but the daily MACD is still in a bearish state. In the EMA moving average system, there is clear resistance above on the 2-hour level, and the daily price is running below all moving averages, with EMA120 forming long-term pressure.
Kongdan operation range suggestion: If the price retraces to around 109,500, a light position can be taken, targeting 108,500.
On Monday, due to the U.S. market being closed, Ethereum's current price is around $4,400, showing a range-bound oscillation. The short-term trend is still unclear. Although the price has recently risen, the trading volume has drastically decreased, forming a clear divergence between price and volume, indicating insufficient upward momentum.
At the same time, the appearance of the evening star pattern further reinforces the risk of a potential bearish reversal in the market. Although the moving average system is trending upward in the short term, it is entangled, further validating the uncertainty of the market trend. The 2-hour candlestick chart has formed a short-term resistance level, with the $4,300 area being touched multiple times. Although there was a brief breakout, a stable retracement occurred, showing some support, and the daily chart indicates a desire for a rebound. The EMA 2-hour short-term moving average system shows a bullish arrangement, while the daily price is far from EMA120, indicating that the long-term trend still needs observation.
Kongdan operation range suggestion: If the price retraces to the $4,480–$4,530 range, consider shorting, targeting $4,350–$4,300.
Due to the time-sensitive nature of price levels, there may be delays in post reviews, so specific operations should be based on real-time market conditions. The above operational 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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