Bitcoin Market Analysis: On the weekly chart, the current price around 78,000 is supported, at a critical decision point. The weekly MACD indicator's green bars are continuously shrinking, indicating diminishing bearish momentum, but it has not fully turned bullish. If it cannot stabilize above 78,500 this week, it will continue to test support levels downward; if it holds the support and closes above it, the weekly trend may turn bullish, resuming a rebound.



Ethereum Market Analysis: On the 4-hour chart, the current price is in the B wave rebound phase of a three-wave downtrend. The current rebound is only a B wave correction and has not formed a reversal. Bearish momentum still dominates. Only by breaking the first high point of B wave at 2,420 will an upward trend be established; if the current rebound encounters resistance at 2,373, it will continue to initiate a C wave decline, targeting 2,161-2,173.

Trading Suggestions: For Bitcoin, sell near 79,800-80,300 during the rebound, with a stop-loss at 81,000, targeting around 78,000-78,500. If broken, look for 77,200; if not broken, add to long positions.

Ethereum trading suggestions: Sell near 2,260-2,280 during the rebound, with a stop-loss at 2,304, targeting 2,220-2,200. If broken, look for around 2,180; if not broken, add to long positions. (Strategy for reference only) #BTC #ETH
BTC-2.23%
ETH-1.77%
View Original
post-image
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned