1.4 Midday BTC, ETH Trading Recommendations
"If you don't believe me or don't understand, I don't have time to convince you, sorry." Any discussion about "mindset" and "faith" should be based on your full understanding of the risks and only investing with funds you can afford to lose. The cryptocurrency market is extremely risky, never invest beyond your capacity. The US stock market has been closed these days and hasn't been updated in time, sorry about that. Things will return to normal later. First, let's review the evening market sentiment. During the evening, Bitcoin remained in a volatile upward phase after opening, stretching from around 89,800 to 91,590 before facing resistance. It has since slightly pulled back to around 91,100, fluctuating up and down. Overall, it still appears to be in a predominantly upward phase.
Looking at the current daily chart, after touching the midline, the market shows four consecutive bullish days with an upward rebound trend. The price has broken through the upper band and is consolidating above it, indicating a clear short-term bullish trend. On the 4-hour chart, the market is showing a five-day bullish rally with oscillating upward movement. After a brief stretch above the upper band, it faced resistance and pulled back. The three upper bands continue to rise, and the short-term bullish trend is strengthening significantly. Therefore, the midday trading strategy is still mainly to test and follow the bullish trend.
If Bitcoin retraces to around 90,000-90,500, consider buying, watch for 92,000.
For ETH, around 3,080-3,100, consider buying, watch for 3,200.
$BTC $ETH #BTC行情分析