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Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 1.14
Currently, on the daily chart, Bitcoin's price rapidly surged from lows to around 96,800 and then pulled back. It is now oscillating around 94,800. The previous day formed a long upper shadow, indicating strong selling pressure at high levels. On the 4-hour chart, there is a pattern of a sharp rise followed by a pullback, with the high not being broken. The market is in a correction phase. The MACD histogram has shortened, and DIF and DEA are approaching each other, indicating weakening momentum. The daily chart still shows a head-and-shoulders pattern, but signs of slowing are evident. EMA7 provides support to the price, while EMA30 and EMA120 are in a head-and-shoulders arrangement, but the price is far from the moving averages, indicating a risk of a pullback.
Afternoon trading suggestions: Buy around 95,300 to 95,800 for Bitcoin with a target near 93,500; buy around 3,350 to 3,380 for Ethereum with a target near 3,250. Market conditions are constantly changing. The article is time-sensitive. Traders entering positions should follow real-time guidance. #GateTradFi上线 #中文Meme币热潮 #CPI数据将公布