9.3 Bitcoin and Ethereum Morning Market Analysis and Trading Suggestions

CN
13 hours ago

Morning Analysis: From the 4-hour chart, the overall trend of Bitcoin's price is still in a downtrend. Although the bottom has broken the rhythm, there is a short-term change. Fortunately, the MACD golden cross volume has not ended, and the K-line has touched the upper Bollinger Band, indicating strong bullish momentum. The key resistance is at 111,900, with strong pressure at 113,500. From the 1-hour chart, the MACD appears slightly fatigued, showing a slight pullback. As long as the key support at 110,000 holds, the short-term bullish trend remains unchanged.

Ethereum has shown signs of stabilization after a significant drop recently, but the rebound strength is also limited. Currently, the price of Ethereum is oscillating within a triangular formation on the 1-hour chart, still under considerable pressure. If the market breaks through the resistance at 4,365 and 4,415 today, the short-term upward space will gradually open up, with support to watch at 4,260.

The MACD on the hourly chart is approaching the zero axis with green bars shortening and just turning red, indicating a strengthening of short-term bullish momentum. However, on the daily level, it is still in the bearish zone and has not fully reversed.

Trading Suggestions: For Bitcoin, consider buying near the pullback at 110,300-110,600, with a stop loss at 109,600 and a target of 112,000-112,500. If it breaks, look for 113,000-113,500; if it doesn't break, consider shorting.

For Ethereum, consider buying near the pullback at 4,290-4,260, with a stop loss at 4,230 and a target of 4,365-4,410. If it breaks, look for 4,450-4,480; if it doesn't break, consider shorting.

This strategy is for reference only; please invest cautiously and secure profits. (Follow the public account: Ethereum Kai)

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