1.6 Bitcoin/Ethereum Trading Strategies with Market Analysis

Bitcoin and Ethereum continued their upward trend in the early hours, but after reaching a high, they pulled back slightly, entering a narrow range consolidation phase. The daily chart shows a series of consecutive bullish candles, indicating strong bullish momentum. The four-hour moving averages are arranged in a bullish alignment, providing support for the price. However, the RSI indicator remains in the overbought zone, and the hourly indicators are in the process of correction, suggesting a short-term pullback is needed. On the candlestick chart, recent prices show a oscillating upward trend, with lows gradually rising and highs continuously breaking through. The daily chart features a long lower shadow bullish candle, indicating strong bullish strength, currently experiencing a slight correction. Technical indicators show DIF and DEA both above the zero line, with bullish momentum continuing to strengthen, but the histogram indicates a weakening of momentum, so short-term adjustment risk should be watched. Resistance levels at 95,000 and 3,250-3,280 remain significant in the short term.

Trading Suggestions: Short near 93,800-94,300 for Bitcoin, targeting 91,000-92,000; short near 3,230-3,250 for Ethereum, targeting 3,120-3,160.