Bitcoin is currently around the 91169 level, recently showing a spike and then a pullback. The price faced resistance near 91934.4 and subsequently retraced. This spike and pullback candlestick is a "inverted hammer" or "shooting star" pattern, indicating strong selling pressure above; the subsequent few candlesticks show a consolidation phase, with both bulls and bears temporarily in a state of equilibrium. The Bollinger Bands indicator shows that it is operating near the middle band, which provides certain support to the price. The J value in the KDJ indicator is at a low level, with the possibility of a rebound, but overall it is still in a weak zone. The MACD indicator shows that the two lines are forming a death cross and diverging downwards above the zero axis, and the MACD bars are green, indicating that short-term bearish strength still dominates. In the short term, Bitcoin is in a phase of consolidation and adjustment, with resistance around 91800 and support around 90700. If the price can effectively break through the 91800 level, it may further test the previous high; if it falls below the 90700 area, it may seek support around 90000. It is suggested that the big coin rebounds to around the positions of 91633--92532 in the short term, and a small position can be taken. The target can be aimed at the positions around 90100--89356.
Ethereum's short-term suggestion is to rebound to around the 3050--3085 range, and you can take a small position, targeting around the 2975--2935 range.
The above is only a personal suggestion and for reference only. Please refer to the layout of Haoyu Shipan for specifics $BTC $ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Hot 12.1 Morning
Bitcoin is currently around the 91169 level, recently showing a spike and then a pullback. The price faced resistance near 91934.4 and subsequently retraced. This spike and pullback candlestick is a "inverted hammer" or "shooting star" pattern, indicating strong selling pressure above; the subsequent few candlesticks show a consolidation phase, with both bulls and bears temporarily in a state of equilibrium.
The Bollinger Bands indicator shows that it is operating near the middle band, which provides certain support to the price.
The J value in the KDJ indicator is at a low level, with the possibility of a rebound, but overall it is still in a weak zone.
The MACD indicator shows that the two lines are forming a death cross and diverging downwards above the zero axis, and the MACD bars are green, indicating that short-term bearish strength still dominates.
In the short term, Bitcoin is in a phase of consolidation and adjustment, with resistance around 91800 and support around 90700.
If the price can effectively break through the 91800 level, it may further test the previous high; if it falls below the 90700 area, it may seek support around 90000.
It is suggested that the big coin rebounds to around the positions of 91633--92532 in the short term, and a small position can be taken. The target can be aimed at the positions around 90100--89356.
Ethereum's short-term suggestion is to rebound to around the 3050--3085 range, and you can take a small position, targeting around the 2975--2935 range.
The above is only a personal suggestion and for reference only. Please refer to the layout of Haoyu Shipan for specifics $BTC $ETH