BTC ETH Candlestick pattern shows that the recent price is oscillating at a high level, forming multiple long upper wicks, indicating heavy selling pressure in the market. The daily chart shows a clear downtrend, with several consecutive days of closing in the red, and significant fluctuation. Currently, the market is under pressure above and has support below. On the technical indicator front, the 4-hour MACD is in the negative territory, with the fast and slow lines diverging downwards, indicating that short positions are dominant in the short term. However, the current market is approaching the daily chart, having touched the support level multiple times, and as long as it does not break this level, we can look bullish based on the support.
Trading advice for BTC: enter long near 84000-84500, target Near 86000-86500, go long ETH around 1560 to 1580, with a target near 1640.
Daily strategy analysis is limited, and the market has variability, with specifics based on real-time.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC ETH Candlestick pattern shows that the recent price is oscillating at a high level, forming multiple long upper wicks, indicating heavy selling pressure in the market. The daily chart shows a clear downtrend, with several consecutive days of closing in the red, and significant fluctuation. Currently, the market is under pressure above and has support below. On the technical indicator front, the 4-hour MACD is in the negative territory, with the fast and slow lines diverging downwards, indicating that short positions are dominant in the short term. However, the current market is approaching the daily chart, having touched the support level multiple times, and as long as it does not break this level, we can look bullish based on the support.
Trading advice for BTC: enter long near 84000-84500, target
Near 86000-86500, go long ETH around 1560 to 1580, with a target near 1640.
Daily strategy analysis is limited, and the market has variability, with specifics based on real-time.
#创作者激励计划,发帖瓜分$2,000