BTC trend analysis

Yesterday, Bitcoin plunged violently under the influence of the news, falling below the 60,000 mark. However, this decline also triggered a strong rebound. At 3 a.m., Bitcoin rebounded to 62,200 points, nearly 2,000 points from the lowest point. The current price has fallen slightly to 62,300 points.

ETH trend analysis

Ethereum also followed the footsteps of Bitcoin and rebounded sharply. It rebounded from 3240 points to 3430 points, a gain of nearly 200 points. The current price has slightly fallen back to 3400 points.
 

Analysis of BTC and ETH short-term strategies

Comparison of long and short forces: 30-minute level analysis

In the short-term 30-minute analysis, the simplest and most effective way to judge the strength of the long and short forces is whether the second buy signal appears at the 30-minute level. If the second buy signal does not appear at the 30-minute level, it means that the short force has not been completely exhausted. Only when the second buy signal appears can it be said that the long force begins to intervene and has enough strength to resist the short pressure and prevent the short from setting a new low again.

Current Market Status

Bitcoin (BTC) and Ethereum (ETH) rebounded sharply yesterday, but the short-term trend still needs further observation. What we need to pay attention to now is whether BTC and ETH will have three sell signals after rebounding at the 30-minute level, and then see whether there will be two buy signals to judge the conversion relationship between long and short forces.

Operational strategy recommendations

BTC short-term strategy

Pay attention to the 30-minute level 2 buy signal:

  • Current status: BTC has rebounded to around 62,200 points.

  • Operational advice: If three sell signals appear at the 30-minute level followed by two buy signals, it is recommended to go long in the short term.

  • Entry point: 62000 to 62200 points range.

  • Stop loss: set at 61,000 points to prevent unexpected pullbacks.

  • Target: 63,000 to 64,000 points.

Observe the new low situation:

  • Current status: If no second buy signal appears at the 30-minute level, proceed with caution.

  • Operation suggestion: wait and see, avoid blind entry.

ETH short-term strategy

Pay attention to the 30-minute level 2 buy signal:

  • Current status: ETH has rebounded to around 3400 points.

  • Operational advice: If three sell signals appear at the 30-minute level followed by two buy signals, it is recommended to go long in the short term.

  • Entry point: 3350 to 3400 points range.

  • Stop loss: set at 3300 points to prevent unexpected pullback.

  • Target: 3500 points to 3550 points.

Observe the new low situation:

  • Current status: If no second buy signal appears at the 30-minute level, proceed with caution.

  • Recommendations: Stay on the sidelines and avoid blind entry.
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