The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. But 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 fluctuations are not risks; not understanding the trends is the biggest risk.
Yesterday, Bitcoin faced resistance around 112,500 and fell back, reaching 109,200 in the evening before starting to rebound. As of now, it has risen to around 112,600, currently forming a high-level range oscillation pattern.
From a technical perspective, market momentum has increased, the Bollinger Bands are continuously expanding, and trading volume has significantly increased. The daily chart shows a gradual rebound from a low level, releasing bullish signals; the hourly K-line has recorded four consecutive bullish candles, indicating a significant increase in rebound strength. The MACD shows a bullish advantage in the short term, and the EMA moving averages are arranged in a bullish manner, with the price running above all moving averages, further confirming a strong pattern.
Today's trading suggestion: Focus on the upper range of 113,500-115,000. If this range is broken, it may open up an upward channel; if it fails to break above 113,000, it may continue to fall back.
Trading range suggestion: The 113,500-115,000 range can be entered in batches, targeting 111,500-112,000.
Ethereum has been oscillating in a high range recently, with resistance at 4,500 above and support at 4,200 below, while the overall trend is in a sideways state.
From a technical perspective, the daily K-line shows a bullish pattern of two bullish candles sandwiching one bearish candle, with both KDJ and MACD indicating an upward bullish trend. The hourly chart has seen consecutive bullish candles with extremely high trading volume, reflecting sufficient upward momentum recently, with bullish signals occupying a clear position.
Today's trading suggestion: Pay close attention to whether the 4,450-4,500 level faces resistance. If it can continue to hold the resistance position, decisive entries can be made within the range. Target the 4,300-4,350 range.
The non-farm payroll data is coming soon this evening. If Bitcoin and Ethereum show a signal reversal, follow the trend upward, and adjust positions in a timely manner; be sure to pay attention to defense!
Due to the time-sensitive nature of price points, there may be delays in post reviews. 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 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.
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