All fluctuations are based on experience; only through review can one trade steadily. Last night, Bitcoin dipped to around 95304 and then saw a bullish rebound, reaching a high of 97000 but faced clear resistance and subsequently pulled back; simultaneously, Ethereum retested 3266, stabilized, and rebounded, but encountered strong resistance at 3380 and also pulled back. From the 1-hour structure, after the rebound, the price quickly retraced, with a long upper shadow on the candlestick indicating heavy selling pressure above, and the bulls lacked sufficient momentum to continue. The MACD remains in a death cross and continues to diverge, indicating short-term dominance by the bears; the Bollinger Bands are opening downward, and the price is operating in a weak zone with downward space gradually opening, overall in a weak consolidation pattern. Trading Suggestions: Bitcoin (BTC): Rebound to the 96000–96500 range, short on resistance, Target lower at 94500–93600 Ethereum (ETH): Rebound in the 3330–3350 range, short, Target at 3250
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1.16 Intraday Trading Strategy Analysis
All fluctuations are based on experience; only through review can one trade steadily.
Last night, Bitcoin dipped to around 95304 and then saw a bullish rebound, reaching a high of 97000 but faced clear resistance and subsequently pulled back; simultaneously, Ethereum retested 3266, stabilized, and rebounded, but encountered strong resistance at 3380 and also pulled back.
From the 1-hour structure, after the rebound, the price quickly retraced, with a long upper shadow on the candlestick indicating heavy selling pressure above, and the bulls lacked sufficient momentum to continue.
The MACD remains in a death cross and continues to diverge, indicating short-term dominance by the bears; the Bollinger Bands are opening downward, and the price is operating in a weak zone with downward space gradually opening, overall in a weak consolidation pattern.
Trading Suggestions:
Bitcoin (BTC):
Rebound to the 96000–96500 range, short on resistance,
Target lower at 94500–93600
Ethereum (ETH):
Rebound in the 3330–3350 range, short,
Target at 3250