Long time no see. Bitcoin has been consolidating at a high level after a high of 90,000, and despite the daily divergence, it can still increase in volume. Key attention on the daily line should be effective support positions to guard against high-level spike washouts. Therefore, with the current price at a high level and in a sideways decline, it is best to maintain a pullback to go long. On the short-term four-hour line, in the case of narrowing Bollinger Bands, you may attempt short positions in the short-term level, focusing on the range of 92800-88500. Aggressive friends can try to take a short position at the current price to grasp a downward trend. A small level downward engulfing pattern has already formed on the short-term hourly level. Moving forward, pay close attention to the support strength at 88900 on the lower level.
The daily line of Ethereum shows a normal trend; overall, it should go down if it needs to go down, without much deviation. Moreover, the bullish trend will not change due to a temporary downward situation. As long as the price does not break below 2780 on the daily line, the overall major trend can be handled around long positions. Do not blindly chase short positions just because the daily MACD shows signs of tightening repair; of course, the short-term level is another story.
The overall four-hour short-term pattern belongs to the Bollinger Band oscillation market, and it tends to be a downward correction. In the next 8 hours, we can pay more attention to the oscillation range of 3190-3010. On a small short-term level, the upward resistance to watch is 3080-3120, and there is significant support forming at the 3050 line for a top-bottom conversion.
This content is exclusively original by senior analyst Qin Chuan, who has researched investment fields such as Bitcoin, Ethereum, contracts, spot trading, gold, foreign exchange, and stocks for many years. Currently, he mainly guides contract operations, possessing a solid theoretical foundation and practical experience. He is skilled in combining technical and news-based operations, emphasizing capital management and risk control. His operating style is steady and decisive, earning recognition from many investment friends for his easy-going and responsible character combined with sharp and decisive operations. For more real-time investment strategies, trading methods, operation skills, and knowledge about K-lines and more market trends, please follow the official account: Zhao Qin Chuan.
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Any actions taken based on this are at your own risk. Investment involves risks, and caution is required when entering the market.
