1.13 Morning Bitcoin and Ethereum Market Recommendations
The market remains stable; the more confident the funds are, the calmer they can stay. There's no need to be frequently manipulated by short-term fluctuations; this reduces the losses from constant buy-sell cycles and allows you to steadily capture the benefits of the trend. This is the long-term strategy for holders. In the early hours, the Bitcoin price fluctuated around 92123 without breaking through. It was about to approach but was immediately pulled back. Currently, Bitcoin is oscillating around the midline at 91200, with a likely weak consolidation. If it cannot break through, it may fall back to 89000 for support. The 4-hour Bollinger Bands are tightening, indicating a clear consolidation pattern, with moving averages intertwined and flattening. The MACD shows a low-position golden cross but with a short red histogram, indicating insufficient momentum. Divergence between volume and price raises doubts about the sustainability of the rebound. It is recommended to consider short positions in the morning. Shorts on Bitcoin at 91500-92000, watch for 90500. Ethereum is bearish in the 3150-3130 range, with attention below 3050.
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1.13 Morning Bitcoin and Ethereum Market Recommendations
The market remains stable; the more confident the funds are, the calmer they can stay.
There's no need to be frequently manipulated by short-term fluctuations; this reduces the losses from constant buy-sell cycles and allows you to steadily capture the benefits of the trend. This is the long-term strategy for holders.
In the early hours, the Bitcoin price fluctuated around 92123 without breaking through. It was about to approach but was immediately pulled back. Currently, Bitcoin is oscillating around the midline at 91200, with a likely weak consolidation. If it cannot break through, it may fall back to 89000 for support. The 4-hour Bollinger Bands are tightening, indicating a clear consolidation pattern, with moving averages intertwined and flattening. The MACD shows a low-position golden cross but with a short red histogram, indicating insufficient momentum. Divergence between volume and price raises doubts about the sustainability of the rebound. It is recommended to consider short positions in the morning.
Shorts on Bitcoin at 91500-92000, watch for 90500.
Ethereum is bearish in the 3150-3130 range, with attention below 3050.