Bitcoin Market Analysis: The 1-hour timeframe shows the current price still in the second bottoming phase after a decline, with clear key support and resistance levels, and bearish momentum dominating. The MACD indicator is below the zero line with a dead cross, and the green histogram is expanding, indicating continued strengthening of the bearish momentum. If the rebound cannot break through the 77,650 resistance, the price will continue to test the previous low of 74,200; if it breaks below 74,200, the downtrend will accelerate.



Ethereum Market Analysis: The 1-hour trend is also in a downtrend, with the MACD indicator below the zero line showing a dead cross, and the green histogram shrinking. Although the bearish momentum is waning, the rebound momentum is also weak. As long as the support at 2,042 holds on the short-term intraday, the price will rebound and attempt to break above 2,100. Recent market movements have been closely related to US-Iran tensions—rising when talks are ongoing, falling when talks break down. Pay attention to news in this area.

Bitcoin Short-term Intraday Trading Suggestion: Short near 76,300-76,700 on rebounds, with a stop at 77,300, targeting around 75,100. If broken, look for 74,600-74,200; if not broken, consider going long again.

Ethereum Trading Suggestion: Short near 2,100-2,120 on rebounds, with a stop 30 points above, targeting around 2,065-2,042. If broken, look for around 2,016; if not broken, consider going long again. (Strategy for reference only) #BTC #ETH
BTC-1.46%
ETH-0.94%
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