Gu Jingci: 1.6 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin and Ethereum continued to rise in the early morning, but after reaching a high, they pulled back, entering a narrow range of consolidation. The daily chart shows a consecutive bullish pattern, indicating strong bullish momentum. The four-hour moving averages are arranged in a bullish alignment, providing support for the price. However, the RSI indicator remains in the overbought zone, and the hourly indicators are in the process of correction, suggesting a short-term pullback. On the candlestick chart, recent prices show a oscillating upward trend, with lows gradually rising and highs continuously breaking through. The daily chart features a long lower shadow bullish candle, indicating strong bullish strength, currently experiencing a slight correction. Technical indicators show DIF and DEA both above the zero line, with bullish momentum continuing to strengthen, but the histogram indicates a weakening of momentum, so short-term correction risk should be watched. Resistance levels at 95000 and 3250-3280 remain significant in the short term.
Trading Suggestions: Short near 93800-94300 for Bitcoin, targeting 91000-92000; short near 3230-3250 for Ethereum, targeting 3120-3160.
Daily analysis and strategy have a relatively high success rate, and can be referenced. Analysis and strategies are for reference only; please manage risks yourself. The article's review and publication do not guarantee timeliness; please refer to real-time data!