Master Qiao: Daily Market Analysis and Trading Suggestions for 12.3 Bitcoin and Ethereum

CN
2 months ago

In the past few days, Bitcoin has shown a trend of fluctuating upward after building a base near 83,786, with an increase of over 6% within 24 hours, successfully reclaiming the $90,000 mark. A large bullish candlestick on the daily chart indicates strong buying at lower levels, accompanied by the MACD indicator gradually expanding, suggesting an increase in bullish momentum. However, it is important to note that the price is being suppressed by the EMA30 moving average, and the upward momentum has somewhat slowed. Attention should be paid to whether a double bottom is effectively formed.

Ethereum's movement is similar to Bitcoin's, having rebounded significantly and returned above $3,000. It is currently in a consolidation phase at high levels, with moving averages in a bullish arrangement. The buying support below on the daily chart is also relatively strong, indicating short-term bullish strength. However, the low volume at high levels and the divergence between volume and price may suggest insufficient upward momentum in the future.

It is recommended to enter long positions for Bitcoin around the pullback near 91,900-91,500, targeting 92,700-93,500. If it breaks, look for around 94,100; if it does not break, consider entering short positions, managing profits yourself.

It is recommended to enter long positions for Ethereum around the pullback near 3,010-2,990, targeting 3,150-3,170. If it breaks, look for around 3,190; if it does not break, consider entering short positions, managing profits yourself.

Market conditions change rapidly, and strategies are for reference only. For specifics, feel free to contact me on QQ: 1284283739.

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