📣 10 / 30 Morning Ethereum and Bitcoin Market Analysis and Steady Positioning ✅:
In the early hours, Bitcoin broke below the 110,000 level and then rebounded strongly. Currently, the price has returned above the 110,000 support zone and is consolidating. On the hourly chart, Bitcoin's center of gravity continues to shift downward, and the head-and-shoulders pattern has basically completed. There isn't much room left for a bearish move, so today’s focus should be on the 110,000 support level. If Bitcoin can stabilize above 110,000, there is a chance for a reversal trend.
As trading volume declines, the short-term bearish momentum on the hourly chart has noticeably decreased. Technical indicators are oversold, with a risk of divergence at any time. During trading hours, watch for support around 3850; if the pullback does not break below this level, consider trying to go long.
Bitcoin suggestion: Enter long positions on pullbacks to around 109,400 - 109,100, with target levels at 110,500 - 111,000 - 111,500.
Ether suggestion: Enter long positions on pullbacks to around 3840 - 3860, with target levels at 3900 - 3940 - 4000.
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📣 10 / 30 Morning Ethereum and Bitcoin Market Analysis and Steady Positioning ✅:
In the early hours, Bitcoin broke below the 110,000 level and then rebounded strongly. Currently, the price has returned above the 110,000 support zone and is consolidating. On the hourly chart, Bitcoin's center of gravity continues to shift downward, and the head-and-shoulders pattern has basically completed. There isn't much room left for a bearish move, so today’s focus should be on the 110,000 support level. If Bitcoin can stabilize above 110,000, there is a chance for a reversal trend.
As trading volume declines, the short-term bearish momentum on the hourly chart has noticeably decreased. Technical indicators are oversold, with a risk of divergence at any time. During trading hours, watch for support around 3850; if the pullback does not break below this level, consider trying to go long.
Bitcoin suggestion: Enter long positions on pullbacks to around 109,400 - 109,100, with target levels at 110,500 - 111,000 - 111,500.
Ether suggestion: Enter long positions on pullbacks to around 3840 - 3860, with target levels at 3900 - 3940 - 4000.
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