Recently, Bitcoin has climbed to a relatively high position, but encountered strong resistance near the mountain top, similar to facing strong winds while climbing. A clear bearish candlestick indicates that many people chose to "descend" and sell here, causing the price to pull back.
From the shorter hourly chart, the price has been declining from above 93,000, now resting on a mid-mountain platform, in a consolidation phase after a rebound, with no clear direction for the time being.
MACD: The hourly chart shows a clear bearish trend; the daily chart is weakening or entering an adjustment cycle. RSI: Both cycle indicators are relatively weak, indicating insufficient momentum. Moving averages: The hourly chart shows a bearish alignment; the daily EMA7 is turning downward, watch for EMA30 support testing.
Focus on the price behavior around the 91,000 support level during the day. As long as this support remains effective, the outlook can still be expected to develop upward, and trading plans can be based on this. If it breaks below, short-term adjustments may deepen.
1.7 Bitcoin Trading Strategies: 1. Buy at 91,500-92,300, stop loss below 90,700, target 93,500-94,500, break below 95,100 to watch for around 97,400 2. Short at 95,100-94,300, stop loss above 95,700, target 93,100-92,300
1.7 Ethereum Trading Strategies: 1. Buy at 3,185-3,225, stop loss below 3,145, target 3,335-3,375 2. Short at 3,405-3,365, stop loss above 3,445, target 3,305-3,245
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Recently, Bitcoin has climbed to a relatively high position, but encountered strong resistance near the mountain top, similar to facing strong winds while climbing. A clear bearish candlestick indicates that many people chose to "descend" and sell here, causing the price to pull back.
From the shorter hourly chart, the price has been declining from above 93,000, now resting on a mid-mountain platform, in a consolidation phase after a rebound, with no clear direction for the time being.
MACD: The hourly chart shows a clear bearish trend; the daily chart is weakening or entering an adjustment cycle. RSI: Both cycle indicators are relatively weak, indicating insufficient momentum. Moving averages: The hourly chart shows a bearish alignment; the daily EMA7 is turning downward, watch for EMA30 support testing.
Focus on the price behavior around the 91,000 support level during the day. As long as this support remains effective, the outlook can still be expected to develop upward, and trading plans can be based on this. If it breaks below, short-term adjustments may deepen.
1.7 Bitcoin Trading Strategies:
1. Buy at 91,500-92,300, stop loss below 90,700, target 93,500-94,500, break below 95,100 to watch for around 97,400
2. Short at 95,100-94,300, stop loss above 95,700, target 93,100-92,300
1.7 Ethereum Trading Strategies:
1. Buy at 3,185-3,225, stop loss below 3,145, target 3,335-3,375
2. Short at 3,405-3,365, stop loss above 3,445, target 3,305-3,245