Gu Jingci: 8.30 Bitcoin/Ethereum early-morning trading strategy with market analysis
In previous reminders, we highlighted going long on rallies and adding to short positions. The market has been dropping steadily from the highs, reaching around 76,800 for Bitcoin and about 2,405 for Ethereum. Currently, the market has rebounded somewhat. Over the weekend, it naturally tends to range and consolidate. The plan was to take advantage of more upside after the rebound and continue entering shorts, but the rebound did not meet expectations.
On the 4-hour chart: after a period of heavy-volume selloff, there has been a small rebound, but the rebound momentum is insufficient. The candle bodies are relatively small, and trading volume has contracted. On the daily chart: a long-wick bearish candle (a strong bearish candle with a long lower shadow) has appeared, accompanied by an extremely large volume spike. This suggests there is some support and buyers absorbing below, but selling pressure remains heavy.
Technical indicators: both the DIF and DEA lines are operating below the zero axis, indicating a bearish short-term trend. However, the DIF line shows signs of turning upward, and the MACD histogram negative values are converging, suggesting bearish momentum is weakening and a short-term rebound may be due. From the moving average indicators: there is resistance in the range of 24,700–24,800 above the daily and 4-hour moving averages, and 78,500–79,000 on the corresponding levels for the 4-hour/daily structure. The moving averages are turning downward, so we should watch for rejection and pullback under overhead pressure.
Early-morning trading suggestion: For Bitcoin, enter a short around 78,200–78,600, with a target near 76,500. For Ethereum, enter a short around 2,460–2,480, with a target near 2,360–2,400.
Analysis and strategy are for reference only. Risk is your own responsibility. The article’s review and publication may not be timely; please rely on real-time conditions! #首笔抗量子比特币交易主网完成 #比特币现货ETF结束9日净流入 #JPY falls below 160 for a new one-month low
In previous reminders, we highlighted going long on rallies and adding to short positions. The market has been dropping steadily from the highs, reaching around 76,800 for Bitcoin and about 2,405 for Ethereum. Currently, the market has rebounded somewhat. Over the weekend, it naturally tends to range and consolidate. The plan was to take advantage of more upside after the rebound and continue entering shorts, but the rebound did not meet expectations.
On the 4-hour chart: after a period of heavy-volume selloff, there has been a small rebound, but the rebound momentum is insufficient. The candle bodies are relatively small, and trading volume has contracted. On the daily chart: a long-wick bearish candle (a strong bearish candle with a long lower shadow) has appeared, accompanied by an extremely large volume spike. This suggests there is some support and buyers absorbing below, but selling pressure remains heavy.
Technical indicators: both the DIF and DEA lines are operating below the zero axis, indicating a bearish short-term trend. However, the DIF line shows signs of turning upward, and the MACD histogram negative values are converging, suggesting bearish momentum is weakening and a short-term rebound may be due. From the moving average indicators: there is resistance in the range of 24,700–24,800 above the daily and 4-hour moving averages, and 78,500–79,000 on the corresponding levels for the 4-hour/daily structure. The moving averages are turning downward, so we should watch for rejection and pullback under overhead pressure.
Early-morning trading suggestion: For Bitcoin, enter a short around 78,200–78,600, with a target near 76,500. For Ethereum, enter a short around 2,460–2,480, with a target near 2,360–2,400.
Analysis and strategy are for reference only. Risk is your own responsibility. The article’s review and publication may not be timely; please rely on real-time conditions! #首笔抗量子比特币交易主网完成 #比特币现货ETF结束9日净流入 #JPY falls below 160 for a new one-month low