Last weekend, I predicted that after the weekly K-line update, the price of the coin would rebound to fill the gap in the weekly K-line. The strategy of placing orders between 85500-86000 also yielded good profits. Ethereum at 2780-2800 also provided a nice opportunity; congratulations to those who followed along.

Currently, the weekly K-line update shows that Bitcoin is still operating below the lower Bollinger Band, with all indicators reflecting a bearish sentiment. The indicators are severely oversold, and there is a gap of nearly 10,000 points between the coin price and the MA5 daily moving average. Additionally, both the 5-day and 3-day moving averages are in a downward trend at TD9. In the short term, there is a certain accumulation area around the 80000 mark, and it is expected that this week will see some rebound to repair the gap in the weekly K-line. The current resistance for Bitcoin is at the high point of 89000-95000; the price must stabilize above this first resistance level to have more room for a rebound.

On the daily level, after Bitcoin has moved out of TD13, the price is showing a mixed arrangement of bullish and bearish adjustments. The current price is above the MA5 daily moving average, and the downward pressure from the MA10 daily moving average is easing. The KDJ three lines are showing a slight upward trend, and the MACD indicator shows a slowdown in short-term bearish momentum. Looking at the 12-hour chart, Bitcoin is showing a slight rebound repair trend supported by the 85000 level. As long as the support at 85000 holds effectively, it is expected that Bitcoin will rise above the 90000 mark again within this week.

On the 4-hour chart, Bitcoin's K-line has shown a trend of six consecutive bearish candles, with the price operating below the middle Bollinger Band. Although short-term indicators are showing a slight retracement, the MA30 daily moving average is showing signs of turning upward. If there is another increase in volume, the market will have some rebound space. Judging from the hourly chart, the current market is leaning towards a slight range-bound adjustment, with resistance at 89000-95000 and support at 86000-85000. As long as the 85000 level is not effectively broken this week, Bitcoin will still rebound to repair the gap in the weekly K-line. The strength of the rebound will depend on the momentum. Therefore, regarding the early morning trend, my personal view is to maintain a strategy of low buying and high selling.

Trading Strategy: Buy at 86000-85500, Target: 87500-89000, Stop Loss: 85000

Ethereum's short-term trend is basically in sync with Bitcoin, showing a slight rebound following Bitcoin. The resistance at the high point is at 2980-3150; if it stabilizes above this first resistance, it will again test the resistance above the 3000 mark. The support at the low point is at 2850-2780. For early morning trading, my personal view is to first buy low and then sell high.

Trading Strategy: Buy at 2870-2840, Target: 2930-2980, Stop Loss: 2810

For the current trend, I expect it to be sufficient, and I will continue to follow up.
My personal views are for reference only. There may be delays in article review and push notifications; the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy; I welcome everyone to like and follow the public account for surprises!

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