$BTC and $ETH are both currently in a clear downtrend, but a bottom divergence signal has started to appear. Short-term trading should focus on defense, with close attention to key support and resistance levels. Blindly bottom-fishing at this stage carries high risk; prioritize stability.
📈 Key Data BTC (Bitcoin) - Latest Price: 70,192.4 USDT - 24-Hour Range: 68,302.1 - 71,439.2 USDT - Daily Key Support: Lower Bollinger Band around 63,355 USDT - Daily Key Resistance: Middle Bollinger Band around 80,348 USDT - Moving Average Structure: MA7 < MA30 < MA120, Bearish Arrangement - Increasing volume decline, social sentiment leaning bearish (Positive-Negative: -7%) $ETH (Ethereum) - Latest Price: 2,107.53 USDT - 24-Hour Range: 2,008.67 - 2,147.60 USDT - Daily Key Support: Lower Bollinger Band around 1,739 USDT - Daily Key Resistance: Middle Bollinger Band around 2,539 USDT - Moving Average Structure: MA7 < MA30 < MA120, Continuing decline - RSI bottom divergence, short-term downward momentum weakening Professional Analysis - Both BTC and ETH are in a correction cycle, with moving averages showing a typical bearish arrangement, reflecting a weak market pattern. - Technical signals show bottom divergence: BTC MACD and ETH RSI both show low point divergence, indicating a potential rebound prelude but no trend reversal yet. - 24-hour trading volume: BTC at 915,253,211 USDT, ETH at 277,789,260 USDT, both at high levels with volume increasing, but prices have not stabilized, indicating strong selling pressure remains. - Negative news sentiment is concentrated, and macro and capital factors are suppressing the market in the short term. Panic sentiment has not been fully released. - ETH is slightly stronger than BTC in the short term, but overall remains in a weak market, with signs of main capital reducing positions. --- Investment Advice 1. Short-term (1-3 days): - For BTC, watch the 68,300 USDT support. If broken, consider cautious observation, avoid rushing to buy; if it stabilizes around 70,400-71,000 USDT, there may be a short-term rebound opportunity. Resistance at 80,350 USDT; if not broken, beware of further decline. - For ETH, watch the 2,000 USDT support. If effectively broken, consider risk aversion; rebound targets are in the 2,150-2,500 USDT range. If it cannot hold above 2,150, be cautious about chasing the rally. - Suggest light positions, staggered deployment, and always set stop-losses. 2. Long-term (2 weeks to 1 month): - Both major coins have not fully stabilized; patiently wait for bottom signals confirmation (such as MACD golden cross, reclaiming important moving averages, slowing volume and price action). - You can set staggered entry zones; avoid heavy bottom-fishing positions.
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$BTC and $ETH are both currently in a clear downtrend, but a bottom divergence signal has started to appear. Short-term trading should focus on defense, with close attention to key support and resistance levels. Blindly bottom-fishing at this stage carries high risk; prioritize stability.
📈 Key Data
BTC (Bitcoin)
- Latest Price: 70,192.4 USDT
- 24-Hour Range: 68,302.1 - 71,439.2 USDT
- Daily Key Support: Lower Bollinger Band around 63,355 USDT
- Daily Key Resistance: Middle Bollinger Band around 80,348 USDT
- Moving Average Structure: MA7 < MA30 < MA120, Bearish Arrangement
- Increasing volume decline, social sentiment leaning bearish (Positive-Negative: -7%)
$ETH (Ethereum)
- Latest Price: 2,107.53 USDT
- 24-Hour Range: 2,008.67 - 2,147.60 USDT
- Daily Key Support: Lower Bollinger Band around 1,739 USDT
- Daily Key Resistance: Middle Bollinger Band around 2,539 USDT
- Moving Average Structure: MA7 < MA30 < MA120, Continuing decline
- RSI bottom divergence, short-term downward momentum weakening
Professional Analysis
- Both BTC and ETH are in a correction cycle, with moving averages showing a typical bearish arrangement, reflecting a weak market pattern.
- Technical signals show bottom divergence: BTC MACD and ETH RSI both show low point divergence, indicating a potential rebound prelude but no trend reversal yet.
- 24-hour trading volume: BTC at 915,253,211 USDT, ETH at 277,789,260 USDT, both at high levels with volume increasing, but prices have not stabilized, indicating strong selling pressure remains.
- Negative news sentiment is concentrated, and macro and capital factors are suppressing the market in the short term. Panic sentiment has not been fully released.
- ETH is slightly stronger than BTC in the short term, but overall remains in a weak market, with signs of main capital reducing positions.
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Investment Advice
1. Short-term (1-3 days):
- For BTC, watch the 68,300 USDT support. If broken, consider cautious observation, avoid rushing to buy; if it stabilizes around 70,400-71,000 USDT, there may be a short-term rebound opportunity. Resistance at 80,350 USDT; if not broken, beware of further decline.
- For ETH, watch the 2,000 USDT support. If effectively broken, consider risk aversion; rebound targets are in the 2,150-2,500 USDT range. If it cannot hold above 2,150, be cautious about chasing the rally.
- Suggest light positions, staggered deployment, and always set stop-losses.
2. Long-term (2 weeks to 1 month):
- Both major coins have not fully stabilized; patiently wait for bottom signals confirmation (such as MACD golden cross, reclaiming important moving averages, slowing volume and price action).
- You can set staggered entry zones; avoid heavy bottom-fishing positions.