Overnight, the Bitcoin market stopped its rebound after reaching the 100688 level and is currently consolidating around 102000. From a technical structure perspective, the larger structure has not changed, and the coin price is still operating above the previous high. This pullback is more of a technical correction within the upward trend, and the long positions dominant pattern remains unchanged.
However, it is worth noting that if the short-term bearish trend continues and breaks below the low point from the early morning, the coin price may once again fall below the 100,000 mark, with a risk of further weakening and continued pullback in the short term! On the short term, the MACD histogram on the 4-hour level continues to show negative values, and the fast and slow lines are in a downward trend, indicating weak short-term momentum. Additionally, both EMA7 and EMA30 have been broken. From the 4-hour chart perspective, the overall trend is bearish. Focus on the 100,000 mark in the short term; if it can hold, this round of pullback is expected to end, and long positions will welcome a rebound! On Tuesday afternoon, go long in the Bitcoin range of 101000-101500, paying attention to the level around 103500 above. Go long near 2440 for Ethereum, with attention to around 2550 above #贸易战缓和 #美SEC主席发言 #BTC #ETH .
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Overnight, the Bitcoin market stopped its rebound after reaching the 100688 level and is currently consolidating around 102000. From a technical structure perspective, the larger structure has not changed, and the coin price is still operating above the previous high. This pullback is more of a technical correction within the upward trend, and the long positions dominant pattern remains unchanged.
However, it is worth noting that if the short-term bearish trend continues and breaks below the low point from the early morning, the coin price may once again fall below the 100,000 mark, with a risk of further weakening and continued pullback in the short term!
On the short term, the MACD histogram on the 4-hour level continues to show negative values, and the fast and slow lines are in a downward trend, indicating weak short-term momentum. Additionally, both EMA7 and EMA30 have been broken. From the 4-hour chart perspective, the overall trend is bearish. Focus on the 100,000 mark in the short term; if it can hold, this round of pullback is expected to end, and long positions will welcome a rebound!
On Tuesday afternoon, go long in the Bitcoin range of 101000-101500, paying attention to the level around 103500 above. Go long near 2440 for Ethereum, with attention to around 2550 above #贸易战缓和 #美SEC主席发言 #BTC #ETH .