2.12BTC/ETH Market Outlook:



It's Thursday again. The probability of a four-day consecutive decline in Bitcoin's weekly chart is high. The price is steadily pressing down along the lower band and moving lower, with the MACD bearish momentum continuing to expand. On the daily chart, all three Bollinger Bands are opening downward and trending lower. Currently, the lower band is around 60,000, leaving room for further decline below. The three consecutive days of decline are progressing downward, with rebound highs decreasing and retracement lows also falling. The market remains bearish, and the bears are strong! The RSI in the oversold zone at 30 is leveling off, the KDJ lines are approaching convergence to form a death cross, and the MACD bearish momentum is still expanding.

On the 4-hour chart, yesterday’s rebound was continuously suppressed by the middle band. All three bands are opening downward and trending lower. The KDJ and RSI are turning downward, and the MACD bearish momentum still has strength, maintaining the advantage for the bears. The hourly chart’s rebound is also being suppressed by the upper band. It has now broken below the middle support line. The KDJ and RSI are turning downward, and the MACD bullish momentum is gradually shrinking, with no signs of a reversal. There is no opportunity to position for a low buy.

Intra-day, the rebound is a shorting opportunity. For Bitcoin, focus on resistance at #Gate广场发帖领五万美金红包 and @E5@, followed by $BTC strong resistance. Consider short positions around these levels with targets at , @E5@, and the line.

For Ethereum, focus on resistance at and @E5@, followed by strong resistance at . Enter short positions around these levels with targets at , @E5@, and the line.

It may seem simple to buy or sell based on price movements, but many investors are troubled by it and may even suffer painful losses. Experts see the door, outsiders see the excitement. Opportunities are there for us to find. When you read this article, the opportunity has already presented itself. Life inevitably involves setbacks and failures. The difference lies in our mindset when facing them. Some always see setbacks as failures, which can deeply crush their courage to succeed. In investing, the key is to follow the right path and have the correct direction. "A calm sea makes a good ship" — without a stable market environment, stability is hard to achieve. What is the purpose of investing? To make money! In this market, having a clear head is more important than being smart. Good habits are more practical than skilled techniques. Resilience endures, authenticity lasts forever — this applies to everything we do.
BTC-1,02%
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