Bitcoin Bear: 2.2 Bitcoin Ethereum has been falling for several consecutive days, a rebound is imminent, latest thoughts and analysis.

CN
3 days ago

📊 Bitcoin Technical Analysis of Charts

  1. Overall Trend and Key Support

    • The price has retraced from the previous high of 79376.0, dipping to a low of 75671.5, and then rebounding.

    • 75671.5 has become an important recent low; if this level is not breached again, it may serve as a short-term bottom.

  2. Moving Averages and Indicator Signals

    • The price is currently above the white moving average, which shows signs of flattening and turning upwards, indicating a strengthening of short-term bullish momentum.

    • The pink moving average is still in a downward trend but is getting closer to the price, suggesting that medium-term downward pressure is gradually easing.

    • The channel formed by the blue upper and lower bands is narrowing after the price hit the bottom, indicating that short-term volatility may decrease, and the market is in a phase of directional choice.

    • The cyan dot indicator has been following the price down during the decline, and after the low, it has started to turn upwards, forming a bullish divergence with the price, which is a positive bullish signal.

  3. Current Bull-Bear Battle

    • Bulls: The price has rebounded strongly from the low and has broken through the short-term moving average, indicating that funds are supporting at lower levels.

    • Bears: The pressure from the previous high remains, and the pink moving average has not yet flattened, meaning the medium-term trend has not fully reversed.

    • Short-term key levels: The current price is fluctuating around 77638.5, with resistance at the 78000 round number above and support at 77000 and 75671.5 below.

📈 Follow-up Strategy Reference

  • Bullish Outlook: If the price can stabilize above 77638.5, continue to hold long positions, targeting the 78000-78500 range.

  • Risk Control: If the price falls below 77000, be cautious of the risk of a failed rebound; it is advisable to reduce positions or exit and wait for a retest of the 75671.5 support for confirmation.

  • 🎯 Key Price Level Bull-Bear Operation Tips

    1. Below 77000

      If the price effectively breaks below 77000, shift to a short-term bearish outlook, and it is recommended to reduce long positions or exit and observe, with a stop-loss reference at 77200.

    2. 77000–77638.5

      This is a consolidation range; you can try a small long position, relying on the 77000 support for a swing, with a stop-loss reference at 76800.

    3. 77638.5–78000

      After stabilizing above 77638.5, you can increase long positions, targeting the 78000 round number, with a stop-loss reference at 77400.

    4. 78000–78500

      This is a previous pressure zone; if it breaks above 78000, you can continue to hold long positions; if it encounters resistance and falls back, reduce positions to lock in profits, with a stop-loss reference at 77800.

    5. 75671.5 (Previous Low)

      This is a strong support level; if it retests this level without breaking, it presents an excellent buying opportunity, with a stop-loss reference at 75400.

      📊 Ethereum Technical Analysis of Charts

      1. Overall Trend and Key Support

        • The price has been continuously retreating from the high of 2474.95, dipping to a low of 2218.00, and then showing a weak rebound.

        • 2218.00 is the most important recent low; if it breaks below this level, it may open up further downside; if it holds, there is a chance to form a short-term bottom.

      2. Moving Averages and Indicator Signals

        • The price is currently still operating below the white short-term moving average, which is turning downwards, indicating that short-term bullish momentum remains weak.

        • The pink moving average is also in a downward trend and is relatively far from the price, reflecting that medium-term downward pressure has not fully eased.

        • The blue channel indicator continues to open downwards; although it has slightly narrowed after the price hit the bottom, it remains in a bearish-dominated pattern.

        • The cyan dot indicator has been following the price down during the decline, and after the low of 2218.00, it has started to turn upwards, forming a brief bullish divergence with the price, which is a weak short-term bullish signal.

      3. Current Bull-Bear Battle

        • Bears: The pressure from the previous high is clear, and the overall moving average system is downward, indicating that the medium-term trend has not reversed.

        • Bulls: The price has rebounded at 2218.00, and the indicator shows a bullish divergence, indicating that there are buying attempts at lower levels.

        • Short-term key levels: The current price is fluctuating around 2303.15, with resistance at the 2320-2340 range above and key support at the 2218.00 low below.

      📈 Follow-up Strategy Reference

      • Bearish Outlook: If the price cannot break through the 2320 resistance level, the rebound may fail at any time; you can try a small short position relying on the 2320 resistance, with a stop-loss reference at 2330.

      • Risk Control: If the price breaks below the 2218.00 low, decisively exit and observe to avoid further downside risk; if it stabilizes above 2320, you can try a small long position, targeting 2340.

      • 🎯 Key Price Level Operation Tips

        1. 2218.00 (Previous Low)

          This is the most important support level; if it breaks, it confirms a bearish signal, and it is advisable to exit and observe; if it retests without breaking, you can try a small long position, with a stop-loss reference at 2210.

        2. 2280–2303.15

          This is the lower edge of the current consolidation range; if the price stabilizes in this range, you can try a small long position, targeting 2320, with a stop-loss reference at 2270.

        3. 2303.15–2320

          This is a short-term pressure zone; if it cannot effectively break through 2320, the rebound is likely to fail; you can try a small short position relying on the 2320 pressure, with a stop-loss reference at 2330.

        4. 2320–2340

          This is a previous area of concentrated trading; if the price stabilizes above 2320, it indicates that bullish momentum is strengthening; you can increase long positions, targeting 2340, with a stop-loss reference at 2310.

          (Note: 📣 Due to the limited timeliness and depth of information on public platforms, the market is ever-changing. Key turning points, precise operational strategies, and sudden risk alerts need to be synchronized in real-time on (public account - Bitcoin Bear). Here, you can receive: real-time strategy updates, in-depth analysis support, interactive Q&A, and risk warnings and optimization suggestions for personal holdings. 🚨 Remember: The market always rewards those who act faster and have more accurate information! Be a winner among the minority.)

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