Yesterday, Bitcoin rebounded slightly and briefly touched 64,000, but soon began to fall again and is currently hovering around 63,000. From the daily chart, although there was a small rebound, the trend has not changed. It is still a bottom rebound followed by a decline. It is expected to continue to fall to the lower track of the Bollinger Band at the daily level. The MACD below shows that the volume continues to expand. The fast and slow lines are about to cross before, but the price fell after the middle track of the Bollinger Band was blocked. The fast and slow lines are currently turning downward, indicating that the downward trend will continue. From a technical point of view, Bitcoin still faces certain pressure and is still biased downward in the short term. Investors need to operate cautiously, pay close attention to price trends, and wait for a better entry opportunity. In addition, you can also consider buying on dips, but you need to carefully grasp the rhythm and avoid blindly chasing the rise. Overall, Bitcoin still has room to fall in the short term, and you need to be cautious. At the four-hour level, yesterday's small rebound began to fall after encountering resistance in the middle track of the Bollinger Band. It is currently close to the lower track of the Bollinger Band, which is also near the previous price low, and it is expected to encounter certain resistance. MACD shows that yesterday's small rebound formed a golden cross trend, but failed to continue to cross the zero axis. At present, the green volume column has begun to shrink, and there are signs of a dead cross below the fast and slow lines, which may cause the price to fall below the previous low and cross the lower track of the Bollinger Bands, forming a larger downward trend.
Today's operation suggestions: The current market is weak, and it is not suitable to chase the rise in the short term. You can buy on dips when it pulls back to the support level. Pay attention to the performance of the support level below and avoid blindly following the trend. At the same time, 🐳qun scab 👀玮: 1983211157 strengthen the understanding of market risks, operate cautiously, control positions, and avoid unnecessary losses caused by market fluctuations.
Yesterday, Ethereum performed very strongly, with prices rising by 8%, much stronger than Bitcoin. The price broke through the upper track position of the Bollinger Bands at the four-hour level, reaching a high of around 3360, but it is currently starting to pull back. From the perspective of macd, the fast and slow lines form a dead cross trend, the long volume column shrinks, but the fast and slow lines are above the zero axis, and there is a chance to form a golden cross trend, so that the price returns to the upward trend.
Ethereum is definitely strong, and you should follow the trend to find opportunities to go long. Therefore, if you want to go long on Ethereum, it is best to enter the market after confirming that the fast and slow lines form a golden cross above the zero axis. This is a more certain bullish signal.
