Bitcoin and Ethereum Early Morning Trading Suggestions and Future Trend Analysis: 1/16 The current market shows typical range-bound consolidation, with prices fluctuating between 94,643 and 97,932.1. Technical indicators indicate that although the moving average system is showing a bullish alignment and the overall trend is leaning bullish, short-term momentum is weakening. Additionally, a bearish engulfing pattern appears in the candlestick formations, suggesting the market may face short-term downward pressure. The price is currently near the middle band of the Bollinger Bands, with normal volatility and no signs of breakout in the short term. Given the current range-bound state and the proximity to the strong resistance level at 97,932.1, along with the bearish engulfing signal in the candlestick pattern, it indicates potential short-term pullback pressure. Therefore, it is recommended to short near the resistance level with a target of the secondary support at 94,900. The early morning trading strategy mainly involves shorting at rebound highs below resistance points.
Bitcoin around 96,800-97,200 can be shorted, watch near 95,500-95,000, and for altcoins, short near 33,30-33,50, with attention to 32,60-32,00.
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Bitcoin and Ethereum Early Morning Trading Suggestions and Future Trend Analysis: 1/16 The current market shows typical range-bound consolidation, with prices fluctuating between 94,643 and 97,932.1. Technical indicators indicate that although the moving average system is showing a bullish alignment and the overall trend is leaning bullish, short-term momentum is weakening. Additionally, a bearish engulfing pattern appears in the candlestick formations, suggesting the market may face short-term downward pressure. The price is currently near the middle band of the Bollinger Bands, with normal volatility and no signs of breakout in the short term. Given the current range-bound state and the proximity to the strong resistance level at 97,932.1, along with the bearish engulfing signal in the candlestick pattern, it indicates potential short-term pullback pressure. Therefore, it is recommended to short near the resistance level with a target of the secondary support at 94,900. The early morning trading strategy mainly involves shorting at rebound highs below resistance points.
Bitcoin around 96,800-97,200 can be shorted, watch near 95,500-95,000, and for altcoins, short near 33,30-33,50, with attention to 32,60-32,00.