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 volatility is not a risk; not understanding the trend is the biggest risk.
After yesterday's turbulent pattern, Bitcoin's price is currently around 117,400-118,000 (as of the time of writing), with a 24-hour decline of 0.3% and an intraday fluctuation of about 1.2%. The first resistance level above is at 118,500, and the second resistance level is around 119,500. The first key support level below is at 116,500, and the second support level is around 115,000.
Currently, based on technical indicators, the MACD on the daily chart shows a death cross, with the DIF line crossing below the DEA, but the green bars on the 4-hour chart are narrowing, indicating a weakening of short-term bearish momentum. The daily RSI is at 45, at the lower end of the neutral zone, while the 4-hour RSI is at 42, close to oversold, suggesting a demand for a rebound but with limited strength. The daily Bollinger Bands are narrowing, and volatility has dropped to its lowest in nearly two weeks, indicating that a directional choice is approaching.
Long position suggestion: If the price pulls back to stabilize at 116,800-117,000, consider a light long position, with a stop loss at 116,500 and a target of 118,000-118,500.
Short position suggestion: If it rebounds to 118,300-118,400 and faces resistance, consider a short position, with a stop loss at 119,000 and a target of 117,500-117,000.
Positioning suggestion: Total position should not exceed 30%.
Ethereum's current price is around 3,820 (as of the time of writing), with a slight increase of 0.2% over 24 hours and an intraday fluctuation of 0.8%. The resistance level above has also reached the 3,880-3,900 range; if it breaks through, it may accelerate past 4,000. The first support level below is currently at 3,700; if it breaks, it may drop to 3,650-3,630, with strong support at 3,600. The fear and greed index has also reached 45, with a large trader long-short ratio of 1:1.1, indicating clear market divergence.
According to the current technical indicators, the MACD on the daily chart shows a death cross but with narrowing green bars, while the 4-hour MACD shows an initial golden cross, indicating the accumulation of short-term rebound momentum. The daily RSI is at 48, which is neutral, while the 4-hour RSI is at 43, in the process of recovering from oversold conditions, with momentum indicators leaning towards consolidation.
Long position suggestion: If it stabilizes after a pullback to 3,700-3,720, consider a light long position, with a stop loss at 3,670 and a target of 3,780-3,800.
Short position suggestion: If it rebounds to 3,850-3,880 and faces resistance, consider a short position, with a stop loss at 3,900 and a target of 3,800-3,770.
Positioning suggestion: Total position should not exceed 25%, focusing on swing trading in the 3,700-3,880 range, and increase positions after breaking key levels.
Due to the time-sensitive nature of price points, there may be delays in post reviews; specific operations should still be based on real-time market conditions. The above operational 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. Reminder: The content of the above article is original, and the advertisements at the end of the article and in the comments section are not related to the author; please be discerning!
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