Last night's market also arrived as expected, declining from the high point of 90440 observed yesterday morning, retreating from that level. Later in the evening, the market fell to a low of 88412. Currently, it is in a phase of technical correction. Ethereum's price action follows the same pattern, facing resistance at the high of 3128 before pulling back to around 3048.
From the current chart, the four-hour timeframe shows four consecutive bearish candles, closely following the lower band of the Bollinger Bands. All indicators suggest no signs of reversal in the short term. On the one-hour chart, although there were initially four consecutive bearish candles, the market is gradually warming up, with the MACD bearish momentum diminishing. Therefore, tonight we should continue to focus on pullback entries for long positions. Bitcoin can be bought in the 88500-88000 range, with targets near 91000; Ethereum can be bought in the 3080-3060 range, with targets near 3200. #美联储降息 #BTC
Is the Fed's interest rate cut and Japan's interest rate hike bullish or bearish?
bullish
1
1
bearish
2
2
3 ParticipantsVoting Finished
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.
Last night's market also arrived as expected, declining from the high point of 90440 observed yesterday morning, retreating from that level. Later in the evening, the market fell to a low of 88412. Currently, it is in a phase of technical correction. Ethereum's price action follows the same pattern, facing resistance at the high of 3128 before pulling back to around 3048.
From the current chart, the four-hour timeframe shows four consecutive bearish candles, closely following the lower band of the Bollinger Bands. All indicators suggest no signs of reversal in the short term. On the one-hour chart, although there were initially four consecutive bearish candles, the market is gradually warming up, with the MACD bearish momentum diminishing. Therefore, tonight we should continue to focus on pullback entries for long positions.
Bitcoin can be bought in the 88500-88000 range, with targets near 91000; Ethereum can be bought in the 3080-3060 range, with targets near 3200. #美联储降息 #BTC