Navigating the Cryptocurrency Sea: 1.8 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's intraday market continues to show a downward trend, with prices briefly falling below the critical 90,000 mark in the afternoon. The current latest price is fluctuating narrowly around this position. On the daily chart, BTC peaked at around 94,700 before closing with consecutive bearish candles. The upper Bollinger Band shows signs of turning, with the upper resistance at 93,200 and the lower support at 85,200. The price is currently operating between the middle and upper bands of the Bollinger Bands, and has not yet broken below the key support of the medium-term upward trend. The KDJ indicator's three lines have formed a death cross and are diverging downwards, indicating that bullish momentum at the daily level is beginning to weaken. Although the MACD remains above the zero axis, the volume bars continue to narrow, and the DIF shows a trend of turning, suggesting that medium-term bullish strength is weakening. The RSI indicator has retreated to the 40-50 range, moving away from the overbought area, with the demand for a pullback gradually being released. Overall, the core framework of the bullish trend has not been effectively breached, and the current pullback is likely a normal technical correction after the rise.

On the 4-hour chart, BTC has effectively broken below the short-term moving average supports such as EMA15 and EMA20. The Bollinger Bands are opening downwards, and the price is running along the lower band, with the lower support at 90,000 having been tested. The KDJ three lines have dropped below 20 into the oversold area; although there is an expectation of a rebound from oversold conditions, a golden cross turning signal has not yet appeared. The MACD has formed a death cross above the zero axis, with the fast line touching the zero axis, and the volume bars are negative and continuing to expand, indicating that bearish momentum is in the release phase. The 1-hour chart continues the weak pattern of the 4-hour chart, with the lower Bollinger Band support at 89,950 being slightly broken. The KDJ shows low-level fluctuations hinting at a reversal signal, and the RSI has fallen below 30 into the oversold range and is turning upwards. There is a possibility of a technical rebound in the short term, but the strength of the rebound will depend on the stability of the 90,000 support. If this support holds, the price is expected to rise back to the 92,000-93,000 range.

Navigating the Cryptocurrency Sea: 1.8 Bitcoin Short-term Reference:

Long Position: Buy in the 89,000-90,000 range, stop loss at 88,500, target at 91,000-92,500.

Short Position: Sell in the 92,200-93,200 range, stop loss at 500 points, target at 91,500-90,500.

Navigating the Cryptocurrency Sea: 1.8 Ethereum Short-term Reference:

Long Position: Buy in the 3,035-3,085 range, stop loss at 2,950, target at 3,100-3,200.

Short Position: Sell in the 3,200-3,250 range, stop loss at 3,300, target at 3,150-3,100.

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

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