Good evening everyone, I am a trader who dies after one hit. Yesterday night, market sentiment eased somewhat, and volatility slowed down. No need to think twice—you can safely enjoy the weekend as profit-taking exits the market. It would be great if you are also among them.

Let's first look at Ethereum's trend. After a doji candle closed at 9 PM on the 15th, a five consecutive bearish candles appeared on the one-hour chart, with the third candle closing at the 3330 midpoint. Here, selling pressure sharply decreased. The lowest was around 3270, but the previous few candlesticks' wicks all hovered around 3280, which can be seen as bullish stabilization. Ethereum has repeatedly oscillated within the 3280-3380 range, showing signs of building momentum for an upgrade. Currently, the one-hour EMA30 is centered around 3320, while EMA120 and EMA144 are around 3250. Pay close attention to these two levels. The future trend will either be a gradual correction, consolidating and gently rising around 3300, or a dip to 3250 followed by a breakout above 3330, heading towards 3368-3386, and then testing the upper boundary.
As for Bitcoin, the consolidation range isn't large, trading within 95000-97000 in the day. The rhythm is characterized by sharp drops, and when it fell from 96800 the second time, a five consecutive bearish candles appeared on the one-hour chart, with selling pressure both in volume and continuity. This will attract short-sellers looking for a cover. However, after reaching 95200, the market started to shrink in volume and recover. For this consolidation, we can continue with our previous approach, focusing on building a central pivot point for positioning.
It is recommended to go long around 95500 with an empty position, with the same support zone at 94800. Set the stop-loss at 93750, using the upper boundary of the central pivot as the worst-case profit/loss ratio. The consolidation range remains unchanged. For Ethereum, go long around 3280-3300, add positions at 3250, and set the stop-loss at 3228. The core range for oscillation is expected to be 3260-3375. Yesterday's market setup provided opportunities for gains. Today, given the weekend, we should be a bit more conservative than before.
#btc #eth