6.5 Early Morning Bitcoin and Ethereum Market Analysis~ Bitcoin's short-term trading volume is weak, and the market is leaning towards range-bound fluctuations and adjustments. Short-term operational strategy.

CN
孟晓瀚
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2 days ago

Bitcoin continues to experience slight fluctuations within a range during the day. The low-dip strategy we set up in the early morning faced a downward spike in the evening, but Ethereum managed to secure a decent profit margin. Congratulations to those who followed along.

Currently, after the early morning closing, the daily chart shows that Bitcoin, due to trading volume reasons, has a candlestick in a doji state. The MACD and KDJ indicators are still operating in a bearish sentiment under the water, but the MA30 moving average continues to rise, intensifying the short-term trend towards a fluctuating adjustment. The TD indicator for the candlestick arrangement has reached TD3. The high point resistance is around 106700, and the low point support is around 104200-103000. In terms of the current trend, Bitcoin can only break out of a one-sided market if there is a significant volume breakthrough of either resistance or support. Looking at the 12-hour chart, I personally favor a rebound after a pullback.

On the 4-hour chart, the price is running above the MA30 moving average, with the MACD continuing to show a bullish contraction. The KDJ three lines are starting to flatten out under the water. The overall trend of the BOLL band has not disrupted the tendency towards a range-bound adjustment. Compared to Ethereum, Bitcoin appears much weaker. Therefore, from early morning to the morning, my short-term view is to maintain a strategy of high selling and low buying.

Operational Strategy: 104500-104000 dip, Target: 106000-106800, Stop Loss: 103500

For the point of reference, 106200-106800 is sufficient, Target: 104500-104000.

Ethereum's overall trend is basically synchronized with Bitcoin. Due to the daily level being slower than Bitcoin by one cycle, combined with a stronger short-term trend, the strategy is also to adopt a high selling and low buying approach.
Operational Strategy: 2615-2585 for dip, Target: 2670-2720, Stop Loss: 2565
For the point of reference, 2695-2715, Target: 2650-2610 is sufficient.
For the short-term trend, it is expected to be adequate, and I will continue to follow up with the daily update tomorrow.
This personal view is for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be guided in real-time. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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