1.8 Early morning Bitcoin and Ethereum operation suggestions and direction sharing
From the current market situation, the 1-hour level shows that Bitcoin is falling back after a continuous decline, with the lows constantly moving lower. Overall, it remains in a downward space, with the market dominated by bears. The KDJ three-line is close to 30 in a neutral zone, with no clear rebound signal. The bearish trend will continue in the short term; the MACD indicator's DIF and DEA remain in the negative zone, with the histogram showing red bars that are expanding, indicating that bearish momentum is still being released. In terms of operations, it is recommended to continue with the strategy of shorting on rebounds near resistance, strictly set stop-losses, pay attention to changes in bearish volume and key resistance levels, and consider changing the approach if there is a clear improvement. The entry points refer to the resistance levels mentioned above. This is not emphasized here, #BTC #ETH
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1.8 Early morning Bitcoin and Ethereum operation suggestions and direction sharing
From the current market situation, the 1-hour level shows that Bitcoin is falling back after a continuous decline, with the lows constantly moving lower. Overall, it remains in a downward space, with the market dominated by bears. The KDJ three-line is close to 30 in a neutral zone, with no clear rebound signal. The bearish trend will continue in the short term; the MACD indicator's DIF and DEA remain in the negative zone, with the histogram showing red bars that are expanding, indicating that bearish momentum is still being released. In terms of operations, it is recommended to continue with the strategy of shorting on rebounds near resistance, strictly set stop-losses, pay attention to changes in bearish volume and key resistance levels, and consider changing the approach if there is a clear improvement. The entry points refer to the resistance levels mentioned above. This is not emphasized here, #BTC #ETH