After a morning surge in the intraday price, the intraday market has been showing a fluctuating trend. In the afternoon, the price experienced a sharp drop, retracting to the low line of 95153. Currently, there is a slight recovery. Ethereum has also been showing a slow downward trend in recent days, with a sharp retraction in the afternoon, reaching a low of 3345. The price is currently in a fluctuating operation.

From a technical analysis perspective, during the downward process, trading volume has significantly increased, indicating that there is considerable selling pressure in the market. During the subsequent sideways period, trading volume gradually shrinks, suggesting a decrease in market activity. The moving average line gradually flattens during the sideways period, reflecting that the forces of buyers and sellers have temporarily reached a balanced state. The MACD indicator shows fluctuations near the zero line during the sideways period, clearly indicating that market momentum has weakened, and the development of the market lacks a clear directional driving force. In the evening, we can participate with a low buy strategy.

Trading Suggestions

Buy near 95000 for Bitcoin, target 98000

Buy near 3340 for Ethereum, target 3400

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