Tuesday, Bitcoin and Ethereum Market Analysis!

Yesterday, Trump’s administration initiated a final strike for the bulls, causing the Bitcoin price to briefly break through the previous high and reach the 110,000 mark before rapidly retracting. It then entered a state of adjustment, with the price oscillating downwards and a clear retracement pattern emerging, especially as the price sharply declined after taking office, directly heading towards the 100,000 mark at high speed. As of now, all daily chart indicators show signs of reversal, with significant selling pressure at high levels putting heavy stress on the market.

As of now, the 4-hour candlestick chart consistently shows bearish closes, and the Bollinger Bands are also displaying a downward spread. After the early morning candlestick pierced the lower band and the EMA60 position, it formed upper and lower shadows. The current candlestick is positioned between the EMA30 and the mid-band, so short-term attention needs to be focused on the resistance at the mid-band; if the support level between EMA60 and EMA80 is broken, consideration might need to be given to the EMA300 position, which is around the 95,800-96,000 mark! The MACD has again increased below the 0 axis, with the fast line forming a second divergence in bearish momentum, making a retracement very likely; at the same time, the MACD continues to show increased volume below the 0 axis, and the fast and slow lines' death cross ultimately failed to reverse, indicating that a short-term retracement is indeed present! The intraday strategy still mainly focuses on rebound shorts!

On Tuesday, Bitcoin shows a slight rebound near 103,000 for shorts, first looking at the 100,000 mark; if broken, continue to look down at the 98,000 line. For Ethereum, refer to the short near the 3,300 line, with the previous low of 3,130 to be watched below; if broken, continue to look at the 3,000 mark! #BTC再创新高 #特朗普就职后行情怎么走？ #特朗普妻子发币 #比特币行情聚焦