The current K-line pattern is locked in the range of 93000 to 96000, fluctuating back and forth, with intense battles between bulls and bears, thus forming a pattern of consolidation. This indirectly reflects the heavy selling pressure in the market at the moment, but the support below is also quite strong. In terms of the one-hour MACD indicator, the histogram shows a gradually shortening trend, which releases a positive signal that the strength of the bears may be quietly diminishing, and a bullish market may be expected to warm up in the short term. Looking at the Relative Strength Index (RSI), its value remains stable in the normal range, with no obvious signals of overbought or oversold conditions, clearly indicating that the forces of bulls and bears have reached a temporary balance, with neither side holding an absolute advantage. As for the trend indicator EMA, EMA30 and EMA120 exert support and pressure from below, respectively, outlining a clearer trend direction for the market, and highlighting key support and resistance levels. Additionally, since the US stock market is closed today for New Year's Day, the market fluctuations are not expected to be large, so we are currently adopting a strategy of buying at low levels.
Bitcoin trading suggestion:
Buy on pullback to 93000-92500, aiming for a space of 500-2000 points
Ethereum trading suggestion:
Buy on pullback to 3290-3310, target 3360-3430
