Evening Bitcoin strategy: BTC and ETH suddenly plunged, causing a sharp market drop, but fortunately the panic sentiment has been released. BTC suddenly plunged today, falling below 82,000, then bulls started to rebound and pushed it near 84,000, but were soon suppressed by bears back to around 82,500, with continued pressure to force out bulls. For ETH, bears broke through 2,800 this morning and maintained their offensive, then broke through 2,700 in the afternoon, pushing bulls down to around 2,640.
Looking at ETH on the 1-hour chart, bulls have not managed to break the previous high of 2,750. In terms of indicators, KDJ's decline has shown signs of stabilizing and is starting to converge upward slightly, suggesting a small rebound and consolidation may occur. MACD indicates that the bearish momentum has slightly weakened, but bears still have the upper hand and the downtrend remains. It is expected there won't be another big drop, so moderate long positions can be taken during rebounds. BTC: Go long near 82,200, target around 85,000 ETH: Go long near 2,650, target around 2,780 #比特币行情观察
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Evening Bitcoin strategy: BTC and ETH suddenly plunged, causing a sharp market drop, but fortunately the panic sentiment has been released. BTC suddenly plunged today, falling below 82,000, then bulls started to rebound and pushed it near 84,000, but were soon suppressed by bears back to around 82,500, with continued pressure to force out bulls. For ETH, bears broke through 2,800 this morning and maintained their offensive, then broke through 2,700 in the afternoon, pushing bulls down to around 2,640.
Looking at ETH on the 1-hour chart, bulls have not managed to break the previous high of 2,750. In terms of indicators, KDJ's decline has shown signs of stabilizing and is starting to converge upward slightly, suggesting a small rebound and consolidation may occur. MACD indicates that the bearish momentum has slightly weakened, but bears still have the upper hand and the downtrend remains. It is expected there won't be another big drop, so moderate long positions can be taken during rebounds.
BTC: Go long near 82,200, target around 85,000
ETH: Go long near 2,650, target around 2,780 #比特币行情观察