In the early hours of today, Bitcoin continued its strong bullish trend, reaching a high of 117740 during the trading session, with strong upward momentum. Ethereum, on the other hand, is fluctuating around the 3750 level. The daily chart shows three consecutive bearish candles, with closing prices all below opening prices, indicating short-term bearish dominance. However, each candlestick has a significant lower shadow, indicating strong bullish resistance during the decline. The four-hour chart shows prices moving away from the Bollinger Band midline. On the one-hour chart, Bitcoin has broken above the midline but has not reached the upper band. These phenomena suggest weakening bullish momentum and an impending market correction. The reduction in MACD volume also supports this view. Additionally, with the US stock market closed over the weekend, it is advisable to adopt a strategy of selling high and buying low during the day. Short Bitcoin 117500-118000, look near 116000 Ethereum 3750-3765 short, looking near 3600, #BTC##ETH##余币宝年化收益破24%##Gate Launchpad IKA上线##以太坊交易量飙升#
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7.26 Saturday Bitcoin Ethereum market trend analysis:
In the early hours of today, Bitcoin continued its strong bullish trend, reaching a high of 117740 during the trading session, with strong upward momentum. Ethereum, on the other hand, is fluctuating around the 3750 level.
The daily chart shows three consecutive bearish candles, with closing prices all below opening prices, indicating short-term bearish dominance. However, each candlestick has a significant lower shadow, indicating strong bullish resistance during the decline. The four-hour chart shows prices moving away from the Bollinger Band midline. On the one-hour chart, Bitcoin has broken above the midline but has not reached the upper band. These phenomena suggest weakening bullish momentum and an impending market correction. The reduction in MACD volume also supports this view. Additionally, with the US stock market closed over the weekend, it is advisable to adopt a strategy of selling high and buying low during the day.
Short Bitcoin 117500-118000, look near 116000
Ethereum 3750-3765 short, looking near 3600, #BTC# #ETH# #余币宝年化收益破24%# #Gate Launchpad IKA上线# #以太坊交易量飙升#