9.14 Bitcoin and Ethereum Morning Market Analysis and Trading Suggestions

CN
10 hours ago

Morning Analysis: From the daily chart, the price of Bitcoin is oscillating and adjusting near the upper track, with both bulls and bears in a tug-of-war. However, there is certain resistance at this position. On the 4-hour chart, the MACD fast and slow lines have formed a death cross and are starting to move downwards, with bearish energy still increasing. Therefore, there is still room for a price pullback in the short term. On the 1-hour chart, the price is currently just at the upper edge of the triangle formation around 116,000, which is also close to the upper track. If it can break through and stabilize above 116,300, the short-term bullish trend will remain unchanged.

Ethereum faced resistance and pulled back around 4,770 yesterday, which also validated the morning's analysis. The upper pressure zone of 4,780-4,820 shows significant selling pressure. In the latter half of last night, the 1-hour chart showed a slight increase but did not break through the key resistance. The MACD hourly bearish histogram continues to shorten, with the fast and slow lines gradually converging, indicating weakening momentum. The daily level fast and slow lines continue to form a golden cross above the 0 axis, and the short-term bullish trend has not changed, but there is insufficient momentum above, suggesting it may still drop and adjust before gathering strength.

Trading Suggestions: For Bitcoin, consider buying on a pullback near 115,300-115,500, with a stop loss at 114,300 and a target of 116,300-116,600. If it breaks, look for 117,000-117,500; if it doesn't break, consider shorting.

For Ethereum, consider buying on a pullback near 4,630-4,650, with a stop loss at 4,600 and a target of 4,710-4,735. If it breaks, look for 4,780-4,810; if it doesn't break, consider shorting, targeting around 4,550-4,570.

This strategy is for reference only; please invest cautiously and secure profits. (Follow Dan on WeChat: Ethereum Kai)

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