12.27 Bitcoin/Ethereum Trading Strategy and Market Analysis
Bitcoin/Ethereum has been oscillating within a narrow range these days, with poor continuation of both bulls and bears. However, the ongoing test of upper and lower points indicates a potential trend reversal is imminent. Recent candlestick patterns have shown significant volatility, with prices briefly reaching 2994 and 89500 before quickly retreating to around 2893 and 86600, forming long upper shadows, which suggest heavy selling pressure above. Currently, the candlesticks alternate between small bullish and bearish candles, reflecting a temporary balance between buying and selling forces, but the overall trend remains downward. Technical indicators show DIF and DEA both negative and continuing to decline, with the MACD histogram showing increasing green bars, indicating the market is still in a weak phase.
Trading Suggestions: Buy near 86700-87200 for Bitcoin, targeting 88500-89500; buy near 2890-2920 for Ethereum, targeting 2980-3030.
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12.27 Bitcoin/Ethereum Trading Strategy and Market Analysis
Bitcoin/Ethereum has been oscillating within a narrow range these days, with poor continuation of both bulls and bears. However, the ongoing test of upper and lower points indicates a potential trend reversal is imminent. Recent candlestick patterns have shown significant volatility, with prices briefly reaching 2994 and 89500 before quickly retreating to around 2893 and 86600, forming long upper shadows, which suggest heavy selling pressure above. Currently, the candlesticks alternate between small bullish and bearish candles, reflecting a temporary balance between buying and selling forces, but the overall trend remains downward. Technical indicators show DIF and DEA both negative and continuing to decline, with the MACD histogram showing increasing green bars, indicating the market is still in a weak phase.
Trading Suggestions: Buy near 86700-87200 for Bitcoin, targeting 88500-89500; buy near 2890-2920 for Ethereum, targeting 2980-3030.