The cryptocurrency market is showing a volatile pattern after the Federal Reserve's interest rate cut, with Bitcoin and Ethereum near key positions.

CN
6 hours ago

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.

The current price of Bitcoin is $117,300, and the market is in a range-bound pattern. The technical analysis shows that the price is fluctuating repeatedly between support and resistance, with multiple bullish candles forming on the daily chart, indicating strong market sentiment. The EMA moving averages are in a bullish arrangement, clearly showing an upward trend. On the 2-hour chart, after fluctuating around $117,000, the price broke upward, with the high approaching the previous swing high of $117,865, facing some short-term pressure, and the MACD 2-hour momentum is strengthening.

Suggested trading range: Short-term long positions can be taken around $116,300-$116,800, with a target of $117,500-$117,800.

The current price of Ethereum is $4,600, showing a typical range-bound pattern, with the price operating between the support of $4,436 and the resistance of $4,768. Although the moving average system shows a bullish arrangement, indicating that the market still has some bullish momentum, the extreme shrinkage in trading volume has created a divergence between price and volume, weakening the health of the upward movement. Additionally, the recent bearish engulfing pattern formed by the candlesticks has increased the risk of a short-term pullback. However, the 2-hour lows are gradually rising, and the highs are continuously testing the area above $4,600. The daily chart shows a bullish close, forming a rebound structure, and the MACD 2-hour momentum is strengthening, with signs of a short-term bullish reversal on the daily chart.

Suggested trading range: Gradually take long positions in the range of $4,530-$4,570, targeting $4,630-$4,660.

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 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.

Warm reminder: The content of the above article is original by the author. The advertisements at the end of the article and in the comments section are unrelated to the author, so please be cautious!

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink