12.15 Weekly K Update, Bitcoin is expected to continue its downward trend, intraday market analysis and trading ideas
After the weekly K update, Bitcoin is currently operating near the MA5 daily moving average, with K-line showing a mix of bullish and bearish arrangements. The MACD indicator remains at the bottom showing bearish divergence, and the KDJ three lines are leaning towards the bottom, intensifying the market's upward surge and downward wash trend. The TD indicator has reached TD7, and the current key resistance level for the weekly K is around 94500. This position is also the current key strong resistance level where it has not been able to effectively stabilize for a day. Overall, the trend is still dominated by bears.
On the daily chart, Bitcoin is operating in a narrow range of BOLL fluctuations. The current MACD is in a contracting state, and the KDJ three lines are operating below the bottom. The short-term key resistance level on the daily chart is around 90500. If the intraday rebound cannot effectively stabilize, Bitcoin will continue its downward trend.
Currently, the price is operating below the MA30 daily moving average on the 4-hour chart, and the overall trend and indicators of BOLL are leaning towards fluctuating declines. Considering the hourly chart, Bitcoin is showing a slight rebound sentiment in the short term. However, there is strong resistance around 90500-92000. If the intraday rebound cannot effectively stabilize, Bitcoin is expected to continue its fluctuating downward trend, as the overall direction is still dominated by bears. The low support is still around 87600-84000. If the bears break through the first support, they will aim for the 84000 level. Therefore, regarding the intraday to evening trend, my personal view is to maintain short-term fluctuations, focusing on rebounds with bullish bias and bearish supplements.
Trading strategy: 90200-90800 bullish Target: 88500-87500 Stop-loss: 91200
Consider bullish positions near support levels.
Ethereum's short-term trend is basically synchronized with Bitcoin, with key resistance around the 3150-3180 range, which is also the current strong pressure area. If it cannot effectively stabilize, the price is expected to fluctuate downwards. The lower support reference is around 3020-2980. Therefore, regarding the intraday to evening trend, my personal view is still to maintain short-term fluctuations, focusing on rebounds with bullish bias and bearish supplements.
Trading strategy: 3140-3170 bullish Target: 3080-3030 Stop-loss: 3190
Consider bullish positions near support levels.
Regarding the current trend, the information is sufficient, and I will continue to follow up on #美联储降息 #加密市场反弹 #加密市场观察 #ETH走势分析 .
After the weekly K update, Bitcoin is currently operating near the MA5 daily moving average, with K-line showing a mix of bullish and bearish arrangements. The MACD indicator remains at the bottom showing bearish divergence, and the KDJ three lines are leaning towards the bottom, intensifying the market's upward surge and downward wash trend. The TD indicator has reached TD7, and the current key resistance level for the weekly K is around 94500. This position is also the current key strong resistance level where it has not been able to effectively stabilize for a day. Overall, the trend is still dominated by bears.
On the daily chart, Bitcoin is operating in a narrow range of BOLL fluctuations. The current MACD is in a contracting state, and the KDJ three lines are operating below the bottom. The short-term key resistance level on the daily chart is around 90500. If the intraday rebound cannot effectively stabilize, Bitcoin will continue its downward trend.
Currently, the price is operating below the MA30 daily moving average on the 4-hour chart, and the overall trend and indicators of BOLL are leaning towards fluctuating declines. Considering the hourly chart, Bitcoin is showing a slight rebound sentiment in the short term. However, there is strong resistance around 90500-92000. If the intraday rebound cannot effectively stabilize, Bitcoin is expected to continue its fluctuating downward trend, as the overall direction is still dominated by bears. The low support is still around 87600-84000. If the bears break through the first support, they will aim for the 84000 level. Therefore, regarding the intraday to evening trend, my personal view is to maintain short-term fluctuations, focusing on rebounds with bullish bias and bearish supplements.
Trading strategy: 90200-90800 bullish Target: 88500-87500 Stop-loss: 91200
Consider bullish positions near support levels.
Ethereum's short-term trend is basically synchronized with Bitcoin, with key resistance around the 3150-3180 range, which is also the current strong pressure area. If it cannot effectively stabilize, the price is expected to fluctuate downwards. The lower support reference is around 3020-2980. Therefore, regarding the intraday to evening trend, my personal view is still to maintain short-term fluctuations, focusing on rebounds with bullish bias and bearish supplements.
Trading strategy: 3140-3170 bullish Target: 3080-3030 Stop-loss: 3190
Consider bullish positions near support levels.
Regarding the current trend, the information is sufficient, and I will continue to follow up on #美联储降息 #加密市场反弹 #加密市场观察 #ETH走势分析 .