BTC Trend and Strategy: The current trend is at a key inflection point. On the hourly chart, if BTC holds above 89400 with solid candles, right-side long positions can be considered; if it fails to hold, stop loss should be triggered. If there is heavy volume breaking below 89000, consider flipping to short. Watch the 89769 level above; holding above this could target 90830-91539. If a false breakout pattern emerges around 91539, consider testing short positions, with a stop loss if it breaks above 92659. The key support below is at 88875-88835; if this breaks, the next targets are 88010-86304. Overall, BTC remains in a consolidation range between 90285-88835. If it continues to fail to break the previous high, the probability of a pullback will increase.
ETH Trend and Strategy: On the hourly chart, if ETH holds above 3052, right-side long positions can be considered; if it breaks below 3033 with volume, consider shorting. Key resistance above is at 3058; if this holds, the next targets are 3107-3158. Shorts can be tested near 3107, with a stop loss if it breaks above 3139. Watch for support at 3011 below; if it breaks, the next targets are 2957-2903.
Currently, the market is in a low-volume consolidation phase with limited trading opportunities. It is recommended to observe more and act less, waiting for key levels to be broken.
Trading Reminders: All strategies require confirmation with volume for breakouts/breakdowns and right-side follow-through to avoid early entries. In choppy markets, use strict stop losses and control position sizes. Remain on the sidelines until key levels are broken to minimize ineffective trades.
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12.7 Midday Market Analysis and Outlook
BTC Trend and Strategy:
The current trend is at a key inflection point.
On the hourly chart, if BTC holds above 89400 with solid candles, right-side long positions can be considered; if it fails to hold, stop loss should be triggered. If there is heavy volume breaking below 89000, consider flipping to short.
Watch the 89769 level above; holding above this could target 90830-91539. If a false breakout pattern emerges around 91539, consider testing short positions, with a stop loss if it breaks above 92659.
The key support below is at 88875-88835; if this breaks, the next targets are 88010-86304. Overall, BTC remains in a consolidation range between 90285-88835. If it continues to fail to break the previous high, the probability of a pullback will increase.
ETH Trend and Strategy:
On the hourly chart, if ETH holds above 3052, right-side long positions can be considered; if it breaks below 3033 with volume, consider shorting.
Key resistance above is at 3058; if this holds, the next targets are 3107-3158. Shorts can be tested near 3107, with a stop loss if it breaks above 3139. Watch for support at 3011 below; if it breaks, the next targets are 2957-2903.
Currently, the market is in a low-volume consolidation phase with limited trading opportunities. It is recommended to observe more and act less, waiting for key levels to be broken.
Trading Reminders:
All strategies require confirmation with volume for breakouts/breakdowns and right-side follow-through to avoid early entries. In choppy markets, use strict stop losses and control position sizes. Remain on the sidelines until key levels are broken to minimize ineffective trades.