12.8 Bitcoin and Ethereum Intraday Trend Analysis
The market has repeatedly tested support and washed out positions. If the main force breaks 92600, the market will continue to rise; if it cannot regain momentum and continues to push towards the previous low of 85000, there is a clear short-term bullish trend, so the focus is on buying low.
The daily K-line EMA trend indicator maintains a bearish stance, but the daily K-line has broken 90800, entering a short-term bullish phase. The resistance levels to watch are 93600 and the Fibonacci retracement resistance point at 94200. MACD is showing increasing upward momentum, and both DIF and DEA have also formed a bullish trend. The Bollinger Bands are contracting horizontally, and the K-line has stretched above the middle band at 89500, with the upper band focusing on 94500. The strategy for today is primarily to buy on dips.
The four-hour K-line has broken the EMA120 trend line at 91500. The MACD is decreasing in volume but is about to end and start increasing again. After the K-line further tests and breaks 92000, a golden cross trend will form with DIF and DEA. The resistance level of the four-hour Bollinger Bands at 90400 has been lost, with the upper resistance level focusing on 92800. There are continuous pressure levels above, so do not hold the low buys for too long; take profits when possible.
Operational Suggestions
Bitcoin: Buy in the range of 89000-88000, with a target of 90500-91500. If broken, continue to look at 92500.
Ethereum: Buy in the range of 2900-3000, with a target of 3100-3200$BTC $ETH #美联储重启降息步伐 #比特币VS代币化黄金 .
The market has repeatedly tested support and washed out positions. If the main force breaks 92600, the market will continue to rise; if it cannot regain momentum and continues to push towards the previous low of 85000, there is a clear short-term bullish trend, so the focus is on buying low.
The daily K-line EMA trend indicator maintains a bearish stance, but the daily K-line has broken 90800, entering a short-term bullish phase. The resistance levels to watch are 93600 and the Fibonacci retracement resistance point at 94200. MACD is showing increasing upward momentum, and both DIF and DEA have also formed a bullish trend. The Bollinger Bands are contracting horizontally, and the K-line has stretched above the middle band at 89500, with the upper band focusing on 94500. The strategy for today is primarily to buy on dips.
The four-hour K-line has broken the EMA120 trend line at 91500. The MACD is decreasing in volume but is about to end and start increasing again. After the K-line further tests and breaks 92000, a golden cross trend will form with DIF and DEA. The resistance level of the four-hour Bollinger Bands at 90400 has been lost, with the upper resistance level focusing on 92800. There are continuous pressure levels above, so do not hold the low buys for too long; take profits when possible.
Operational Suggestions
Bitcoin: Buy in the range of 89000-88000, with a target of 90500-91500. If broken, continue to look at 92500.
Ethereum: Buy in the range of 2900-3000, with a target of 3100-3200$BTC $ETH #美联储重启降息步伐 #比特币VS代币化黄金 .
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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