Analysis of the latest market trend for Bitcoin and Ethereum: 1/11 The current market is in a typical range-bound consolidation pattern, with prices fluctuating between support at 88,000 and resistance at 91,000. Momentum is weakening and sentiment is balanced, lacking clear trend signals in the short term. Technical analysis shows that although a bullish engulfing pattern appears in the candlestick formation, which may suggest a reversal signal, its significance is only moderate. Additionally, the conflict in the moving average system( indicates that short-term prices are above the short-term moving averages but below the long-term moving averages, and a death cross) further suggests an unclear trend. The current market is in a consolidation state between support and resistance, with weakening momentum and balanced sentiment( as the main premise). Prices are approaching the strong resistance at 91,000, and the moving average system indicates an unclear trend( as the minor premise). Therefore, it is a prudent choice to go short near resistance levels in line with the consolidation pattern( Conclusion). So, the short-term trading strategy for small traders should focus on rebounds.
Bitcoin around 91,000-91,500 can be shorted, targeting around 90,500-89,000; Ethereum around 3100-3120 can be shorted, targeting around 3050-3000#非农就业数据 #美联储降息 #ETH走势分析
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis of the latest market trend for Bitcoin and Ethereum: 1/11 The current market is in a typical range-bound consolidation pattern, with prices fluctuating between support at 88,000 and resistance at 91,000. Momentum is weakening and sentiment is balanced, lacking clear trend signals in the short term. Technical analysis shows that although a bullish engulfing pattern appears in the candlestick formation, which may suggest a reversal signal, its significance is only moderate. Additionally, the conflict in the moving average system( indicates that short-term prices are above the short-term moving averages but below the long-term moving averages, and a death cross) further suggests an unclear trend. The current market is in a consolidation state between support and resistance, with weakening momentum and balanced sentiment( as the main premise). Prices are approaching the strong resistance at 91,000, and the moving average system indicates an unclear trend( as the minor premise). Therefore, it is a prudent choice to go short near resistance levels in line with the consolidation pattern( Conclusion). So, the short-term trading strategy for small traders should focus on rebounds.
Bitcoin around 91,000-91,500 can be shorted, targeting around 90,500-89,000; Ethereum around 3100-3120 can be shorted, targeting around 3050-3000#非农就业数据 #美联储降息 #ETH走势分析