Bitcoin/Ethereum yesterday’s high levels of 92,500 and 3,250, respectively, were the basis for the Kangdan strategy. After taking profits on the short positions in the early morning, long positions were entered immediately afterward. The overall space remains decent. Currently, the market has rebounded from the lows and is consolidating sideways, with weak continuation of bullish or bearish momentum. The candlestick pattern shows a clear rebound after a sharp decline, with the daily candlestick exhibiting a long lower shadow, indicating some buying support below, but the rebound strength is limited.
In terms of technical indicators on the 4-hour timeframe, both DIF and DEA are below the zero line, and the MACD histogram is negative and shrinking, showing weakening bearish momentum.
Trading suggestions: Buy around 89,500-90,000 for Bitcoin, targeting 92,000-93,000; buy around 3,060-3,080 for Ethereum, targeting 3,150-3,200.
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Bitcoin/Ethereum yesterday’s high levels of 92,500 and 3,250, respectively, were the basis for the Kangdan strategy. After taking profits on the short positions in the early morning, long positions were entered immediately afterward. The overall space remains decent. Currently, the market has rebounded from the lows and is consolidating sideways, with weak continuation of bullish or bearish momentum. The candlestick pattern shows a clear rebound after a sharp decline, with the daily candlestick exhibiting a long lower shadow, indicating some buying support below, but the rebound strength is limited.
In terms of technical indicators on the 4-hour timeframe, both DIF and DEA are below the zero line, and the MACD histogram is negative and shrinking, showing weakening bearish momentum.
Trading suggestions: Buy around 89,500-90,000 for Bitcoin, targeting 92,000-93,000; buy around 3,060-3,080 for Ethereum, targeting 3,150-3,200.