Waves in the Coin Sea: 11.8 Bitcoin (BTC) Market Analysis Reference:
Bitcoin's price fell to around 74500 last night, after which the bulls exerted strong force, and the price surged upward, refreshing the historical high at 76850 in the early morning. It then pulled back, and the current price is hovering around the 76000 mark. The overall market trend during the day is showing a consolidation phase.
From the daily chart observation, yesterday closed with a doji candlestick with upper and lower shadows. The Bollinger Bands are in an opening posture, and the short-term moving averages are turning upwards near the middle track. The current coin price is still operating above the upper track, with MACD bullish increment, and both DIF and DEA are diverging upwards. The three values of KDJ continue to maintain an upward momentum. Although the current market is in a consolidation phase, the overall bullish sentiment has not weakened.
From the short-term hourly chart, the Bollinger Bands upward channel is maintaining well at the 4-hour level. The current coin price has stabilized above the middle track and is above EMA7, EMA30, and EMA120. The MACD energy bar is gradually shrinking, and the fast and slow lines are contracting above the zero axis. The KDJ indicator is turning down from a high position, with fast and slow lines also contracting above the zero axis, showing signs of a potential death cross. The RSI is currently around 68, close to the overbought zone but not yet entering. Overall, there may be a pullback pressure in the short term, so for evening operations, it is still recommended to adopt a pullback approach to go long.
Waves in the Coin Sea: 11.8 Bitcoin Evening Short-term Reference:
Long Position: Long in the range of 74000-74500, defend at 73000, stop loss 500 points, target 75000-76000
Short Position: Short in the range of 77000-76500, defend at 78000, stop loss 500 points, target 76000-75500
Waves in the Coin Sea: 11.8 Ethereum Evening Short-term Reference:
Long Position: Long in the range of 2780-2810, defend at 2680, stop loss 30 points, target 2850-2900
Short Position: Short in the range of 3010-2980, defend at 3100, stop loss 30 points, target 2950-2900
The article is sent with a delay and has timeliness. Personal opinions are for reference only; do not operate blindly! I hope everyone can adhere to their principles in their investment journey, regardless of how the market changes. Stay rational and calm. Seize opportunities, and make every decision just right. Sail through the ocean of investments, gaining wealth and growth!!!#BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH
