A relentless night. The market had little momentum and painfully low liquidity. Midnight trading stayed range-bound at low levels, with Bitcoin testing the 815–810 range. There was no particularly strong trend or momentum, and Ethereum also fell again, hovering around 2380. In the morning, the market began to show some modest movement, with several small swings and wicks in both directions. The upside potential has also opened up further.
As mentioned earlier, price testing this level is likely to build up considerable strength as it forms a base. With support now firmly established, momentum has naturally begun to pick up. On the daily chart, after a strong rally earlier, the market came under renewed pressure and fell. A bearish candle brought price back near the previous starting point, after which it entered a base-building phase. On the four-hour chart, price edged lower, forming some short-term wicks, but the downtrend failed to continue. Support around 81000 at the base continues to see strong buying volume. As for the outlook, we will continue to look for long entries around the base.
Bitcoin: Long in the 81300–80800 range; target 83000
Ethereum: Long in the 2390–2370 range; target 2480
#股票财报季 $BTC #币安神算子 $ETH
As mentioned earlier, price testing this level is likely to build up considerable strength as it forms a base. With support now firmly established, momentum has naturally begun to pick up. On the daily chart, after a strong rally earlier, the market came under renewed pressure and fell. A bearish candle brought price back near the previous starting point, after which it entered a base-building phase. On the four-hour chart, price edged lower, forming some short-term wicks, but the downtrend failed to continue. Support around 81000 at the base continues to see strong buying volume. As for the outlook, we will continue to look for long entries around the base.
Bitcoin: Long in the 81300–80800 range; target 83000
Ethereum: Long in the 2390–2370 range; target 2480
#股票财报季 $BTC #币安神算子 $ETH