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3.2 Pancake Ethereum Trend Analysis and Trading Ideas!

CN
币圈若渝
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1 month ago
AI summarizes in 5 seconds.

The weekly level Bitcoin and Ethereum both closed with a bearish candle, while the daily level Bitcoin showed alternating bullish and bearish closes, typical of a consolidating market, with the trading range gradually narrowing. The previous range was between 71000-63000, currently it is between 68000-65000, with resistance at 68000-70500 and support at 65000-63000; the daily level Ethereum trends in sync with Bitcoin, previously ranging from 1800-2150, currently it is between 2000-1900, with resistance at 2050-2150 and support at 1920-1800;

At the 4-hour level, the consolidation recovery range after the oversold Bitcoin and Ethereum is still valid, Bitcoin at 71500-62500 and Ethereum at 2150-1800. The market has been in a consolidation phase, with the larger direction yet to emerge. It is recommended to buy on pullbacks!

Operational ideas:

Buy Bitcoin at 65300-65800, target 67000-68000, with a stop loss below 64500;

Buy Ethereum at 1910-1930, target 1980-2050, with a stop loss below 1880;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!


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