This morning, Bitcoin shows a clear rebound and pullback trend. On the four-hour chart, the previously bullish MACD indicator, which had shown increased volume during certain periods, has weakened as the price surged and then pulled back. The red energy bars are shrinking, indicating a decline in bullish momentum; the RSI indicator has not entered the overbought zone and shows signs of retreating into the weaker zone, suggesting that the current upward momentum is insufficient. If it can break through 90,000, there may be a subsequent upward trend. Our morning strategy is mainly to buy on dips.
Trading Strategies:
Bitcoin: Buy at 87,000-90,000, target 91,000-92,000
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dagong
· 12-29 08:30
FOMO sentiment remains subdued, and traders are still waiting for the market to bottom out.
Given the current technical outlook, this hesitation is understandable. Over the past five weeks, the total cryptocurrency market capitalization has been range-bound, leaving market participants confused about the next move.
Ethereum (ETH) has experienced a similar trend, with prices fluctuating between $2,600 and $3,000 during this period. However, based on the behavior of Ethereum's current validators, FOMO sentiment seems to be rising again.
For the first time in four months, the number of Ethereum validators has shown a net increase.
December 29 Cryptocurrency Morning Report
This morning, Bitcoin shows a clear rebound and pullback trend. On the four-hour chart, the previously bullish MACD indicator, which had shown increased volume during certain periods, has weakened as the price surged and then pulled back. The red energy bars are shrinking, indicating a decline in bullish momentum; the RSI indicator has not entered the overbought zone and shows signs of retreating into the weaker zone, suggesting that the current upward momentum is insufficient. If it can break through 90,000, there may be a subsequent upward trend. Our morning strategy is mainly to buy on dips.
Trading Strategies:
Bitcoin:
Buy at 87,000-90,000, target 91,000-92,000
Ethereum:
Buy at 2,880-2,900, target around 3,000