Waves in the Cryptocurrency Sea: 1.25 Bitcoin (BTC) Market Analysis Reference:

Bitcoin continues to show a weak consolidation pattern over the weekend, maintaining a narrow range of fluctuations. Compared to the early morning price, there has been a slight pullback, and as of the time of writing, the price is running around the 88500 level. From the daily chart, the lower and middle bands of the Bollinger Bands are still diverging downwards, with the current price running above the lower band, showing signs of pressure from above; the KDJ three lines are at a low level, with the J line close to oversold but not yet turning upwards. Although there is a short-term demand for a rebound, it lacks momentum support; in the MACD indicator, the DIF line continues to run below the DEA line, and the MACD remains in negative territory with gradually increasing bars, indicating that bearish forces are still dominant; the RSI is in a neutral to weak range, and the downward space has not been completely exhausted, overall remaining in a weak consolidation phase. It is highly likely to continue fluctuating downwards in the future. If it cannot break through the middle band of the Bollinger Bands, it is necessary to pay close attention to the effectiveness of support at the 86700 level.

From the short-term hourly chart observation, on the 4-hour chart, the EMA moving averages are in a bearish arrangement, with the short-term EMA (15) continuously running below the medium and long-term EMA (30) and EMA (120), and the price is always under pressure below the moving averages, reflecting that the short-term weak pattern has not changed; the KDJ three lines are at a low level, with the J line close to the oversold threshold, slightly turning upwards. The expectation for a short-term technical rebound has increased, but the MACD bars are gradually shrinking, and the fast and slow lines continue to run below the zero axis, showing signs of forming a death cross, and the downside risk has not been fully released; on the 1-hour chart, the Bollinger Bands are in an opening state, with the price running near the lower band. The KDJ three lines are also at a low level, with the J line showing a slight upward turn. The MACD bars are still expanding, but the RSI has rebounded from the oversold area. Although there is a slight stabilization attempt, the bearish forces have not completely dissipated. In summary, BTC is currently in a weak consolidation phase after probing the bottom in the medium to short term. If it cannot stabilize above the resonance pressure levels of the 4-hour middle band (89400) and the 1-hour middle band (89000), it is highly likely to further test the previous low points.

Waves in the Cryptocurrency Sea: 1.25 Bitcoin Short-term Reference:

Short Position: Short in the 89500-90500 range, with a stop loss at 92000, targeting below 89000.

Long Position: Long in the 86500-87500 range, with a stop loss of 500 points, targeting above 88500.

Waves in the Cryptocurrency Sea: 1.25 Ethereum Short-term Reference:

Short Position: Short in the 2985-3035 range, with a stop loss of 30 points, targeting 2950-2900.

Long Position: Long in the 2845-2895 range, with a stop loss of 30 points, targeting 2950-3000.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Do not operate blindly】

The content of this article is originally shared by 【Waves in the Cryptocurrency Sea】 and represents personal opinions only. The article may have delays in sending and is for reference only; do not operate blindly! If you want to get more daily real-time trades, then follow my public account! Here, you can engage in online technical learning and understand knowledge related to exiting positions. I have years of research experience in the market, focusing on the major trends in the cryptocurrency space. I am mainly responsible for analyzing and guiding investment operations for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Welcome to study and research together.

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