Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/12 The current market shows obvious range-bound characteristics, with prices fluctuating repeatedly between strong support and resistance at 90175.3 and 92488. Technical indicators show that the moving averages are in a bullish alignment and recent golden crosses have formed a bullish resonance, strengthening the trend signals. However, the trading volume data is insufficient, and the volume-price combination has not confirmed the trend, limiting the possibility of breaking through the range. Meanwhile, a bullish engulfing pattern appears in the candlestick formations, indicating a potential rebound opportunity in the short term, but the validity of this signal still needs to be observed. Given the current market is in a range-bound state, with prices repeatedly blocked near the strong resistance at 92488 and trading volume insufficient to support a breakout, a high sell strategy aligns with the characteristics of a ranging market. Therefore, the short-term trading suggestion for small traders is to focus on rebounds.
Bitcoin around 92500-93000 can be shorted, with targets near 91000-90500; Ethereum around 3170-3190 can be shorted, with targets near 3080-3030.
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.
Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/12 The current market shows obvious range-bound characteristics, with prices fluctuating repeatedly between strong support and resistance at 90175.3 and 92488. Technical indicators show that the moving averages are in a bullish alignment and recent golden crosses have formed a bullish resonance, strengthening the trend signals. However, the trading volume data is insufficient, and the volume-price combination has not confirmed the trend, limiting the possibility of breaking through the range. Meanwhile, a bullish engulfing pattern appears in the candlestick formations, indicating a potential rebound opportunity in the short term, but the validity of this signal still needs to be observed. Given the current market is in a range-bound state, with prices repeatedly blocked near the strong resistance at 92488 and trading volume insufficient to support a breakout, a high sell strategy aligns with the characteristics of a ranging market. Therefore, the short-term trading suggestion for small traders is to focus on rebounds.
Bitcoin around 92500-93000 can be shorted, with targets near 91000-90500; Ethereum around 3170-3190 can be shorted, with targets near 3080-3030.