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11.7$BTC $ETH Evening Market Analysis
First, the price stabilized at the key support level of 98,888.8 and rebounded. The current quote is 100,375.8, showing signs of a bottom in the short term. Three specific signals can be observed: First, the previous low point support is effective, and buying interest has started to enter; second, the bullish candlestick has caused the MA7 moving average to flatten, potentially turning upward; third, if volume increases in the subsequent rise, the reversal momentum will be stronger. Moving forward, focus on two key aspects: whether the moving averages can form a golden cross and the change in trading volume. As long as the key support level holds, the short-term trend will shift to bullish.
Bitcoin
Trading suggestion: 98,000-99,500
Target range: 103,000-102,500
Ethereum
Trading suggestion: 3,100-3,150
Target range: 3,350-3,400