8.30 Morning Market Analysis and Trading Suggestions for Bitcoin and Ethereum

CN
11 hours ago

Morning Analysis: From the 1-hour chart, Bitcoin has broken below the short-term upward trend and continues to decline, breaking the weekly support at 110,000, with a low of 107,400. The current price is around 108,300, facing resistance from the 109,000-109,500 area due to the three-three rule. The 4-hour chart shows a series of consecutive bearish candles, forming a step-like downward trend. Although there are small rebounds after each pullback, they lack volume, indicating an overall weak state. Today, we should pay attention to the resistance in the 109,000-109,500 area.

Ethereum currently shows clear signs of continuing the downward trend. Analyzing the 1-hour chart, Ethereum's price touched the lower Bollinger Band but did not show an effective rebound. It is currently blocked near the middle band at around 4,380, but technical indicators are pointing upwards: the MACD fast and slow lines have formed a golden cross signal below the zero axis, and the KDJ is also turning upwards, with the lower Bollinger Band turning upwards as well. A short-term rebound may occur; previous analysis based on the theory of entanglement suggested that if it pulls back and does not break below 4,380, it will continue the downward trend. If it can break above 4,380 and effectively hold above the resistance level of 4,456 today, the short-term bearish trend may change.

Trading Suggestions: For Bitcoin, consider buying near 107,700-107,400, with a stop loss at 106,800, targeting the 109,000-109,500 area. If it breaks, look for 110,000-110,300; if it does not break, consider shorting.

For Ethereum, consider buying near 4,300-4,270, with a stop loss at 4,230, targeting the 4,380-4,400 area. If it breaks, look for 4,456-4,480; if it does not break, consider shorting.

This strategy is for reference only; please invest cautiously and secure profits. (For real-time updates, follow the public account: Ethereum Kai)

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