Recently, the performance of Bitcoin and Ethereum has been quite interesting. They have been oscillating within a narrow range, with both bulls and bears testing the bottom line. It feels like a trend reversal is just around the corner.



From the candlestick patterns, a while ago, Bitcoin surged to 89,500 and Ethereum tested 2,994, then turned around and fell back, with the lowest points around 86,600 and 2,893. This long upper shadow indicates that selling pressure above is still quite heavy. Currently, the market shows alternating small red and green candles, with bulls and bears in a stalemate, but overall, the trend remains downward.

On the technical indicators, the MACD DIF and DEA are both negative and continue to decline, with the green bars expanding. This suggests that the market is indeed weak at the moment. The Federal Reserve's repurchase agreement movements and the tug-of-war between Bitcoin and gold are influencing market sentiment. However, purely from a technical perspective, the bears still hold the advantage.

In terms of trading strategy, consider going long on Bitcoin within the 86,700-87,200 range, targeting around 88,500-89,500; for Ethereum, go long between 2,890-2,920, with resistance at 2,980-3,030. Of course, this is just a technical reference; the actual market movement depends on real-time dynamics. Risk management should always be the top priority.
BTC0,74%
ETH0,41%
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CounterIndicatorvip
· 11h ago
Still consolidating in a narrow range, the bears are quite aggressive. If it doesn't break through 89,500 this time, it seems unlikely.
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ProxyCollectorvip
· 11h ago
It's back to narrow fluctuations again. Watching this market is really a bit exhausting, neither bulls nor bears have strength. Wait, can this really turn around this time, or is it just another trick to get me to catch the bottom? The MACD is weakening, yet I still hope it will surge upward. This bearish wave is quite fierce.
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ChainBrainvip
· 11h ago
Another such stagnant market, it's hard to watch. The bears are still a bit fierce.
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NightAirdroppervip
· 11h ago
86,600 is back again. This time, it's all about whether we can hold steady. Feels like the bears are still a bit fierce.
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MoonRocketTeamvip
· 11h ago
Dear astronauts, the booster is still providing power, but the fuel cell is flashing red. Fighting over 87 again? Forget it, just wait for the next ignition window. When the MACD green bar expands, I knew this trip was going to be tough... The profits we made still need to be saved for tuition. The bears are a bit fierce this time. I'll hide in the cabin and observe for a while. 88,500? Dream on, better to hold onto the 86,700 straw first, brother. Gold is already bottoming out, and we're still floating in the sky. This is unscientific. Risk management is well said. If it weren’t for that, I would have gone all-in long ago, haha.
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GhostChainLoyalistvip
· 11h ago
Still bouncing back and forth in a narrow range, neither bulls nor bears want to get serious --- 86600 is a critical level, feels like it can't hold much longer --- Long upper shadow is so obvious, how much selling pressure is still above --- What does the increasing MACD green histogram indicate? It means no one dares to take over the position --- Brothers who entered long at 87200, how are you doing now? Still holding on stubbornly? --- Is a trend reversal imminent? I'm tired of hearing that --- The Fed is up to something again, always the scapegoat --- After looking at the technicals all day, it's better to just look at the news for clarity --- Any movement on gold, can BTC borrow some strength? --- Risk management comes first, but who really cares? --- Friends who entered at 2920, are you waiting to be wiped out? --- With this pace, how much patience is needed to wait for a real opportunity
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