Morning Analysis by A: BTC, ETH, and BGB Market Analysis Incoming

CN
1 year ago

Morning market trends may go how? Little A explains for you!

Welcome to ask Little A in the group chat for more analysis: jv.mp/JaQ0CE

BTC

BTC's 1-hour price trend: Down.

Little A Morning Analysis: BTC, ETH, BGB Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour Binance BTC/USDT K-line chart, with the latest price at: 65896.0 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 67000 USDT (Considering EMA(7) near this level, may provide support)

  • Buy Point 2: 66500 USDT (Near the low of 65416.5, with a large lower shadow indicating strong support)

  • Long Stop Loss: 66000 USDT (Leave enough space to avoid stop loss triggered by small fluctuations, while below Buy Point 2)

  • Sell Point 1: 67500 USDT (Area of recent rebound highs, can be used as initial resistance)

  • Sell Point 2: 68000 USDT (Near the historical high of 68459.7, expected to encounter stronger resistance)

  • Short Stop Loss: 68500 USDT (Exceeding the previous high, if the price continues to rise, it may change the short-term trend)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-lines show large price fluctuations, with multiple long upper and lower shadows, indicating intense market competition.
    • The latest few hours of K-lines show narrowing bodies, suggesting the current trend may be losing momentum.
  2. Technical indicators:

    • MACD indicator shows DIF running below DEA, and MACD value is negative, indicating a prevailing bearish momentum in the short term.
    • KDJ indicator shows a recent decline in J value, but K line and D line are still in the overbought zone, needing to be cautious of the risk of a pullback.
    • EMA indicator shows the 7-period EMA below the 30-period EMA, further confirming a bearish bias in the short term.
  3. Volume:

    • Volume increases as the price falls, which is usually a bearish signal.
    • The volume has been relatively stable in the recent few hours, with no significant increase or decrease, indicating market participants may be in a wait-and-see mode.

ETH

ETH's 1-hour price trend: Up.

Little A Morning Analysis: BTC, ETH, BGB Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 3477.99 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 3460 USDT (EMA(7) crossing above EMA(30), MACD showing upward momentum, signs of rebound near this support level)

  • Buy Point 2: 3425 USDT (Near the previous low, potential strong buying interest if the price retraces to this level)

  • Long Stop Loss: 3400 USDT (Leave enough space to avoid stop loss triggered by small fluctuations, and below Buy Point 2 and recent important support levels)

  • Sell Point 1: 3520 USDT (Resistance level tested multiple times recently, suitable as an initial profit-taking point)

  • Sell Point 2: 3560 USDT (Near the highest price, potential selling pressure in the market, suitable as a further profit-taking point)

  • Short Stop Loss: 3580 USDT (Above Sell Point 2, providing additional space to avoid premature stop loss due to unexpected rise)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-lines show large price fluctuations, with multiple long upper and lower shadows, indicating resistance at both high and low levels.
    • The latest K-line is a small body, with the opening price close to the closing price, and appearing after a period of downtrend, possibly indicating a weakening of selling pressure in the short term.
  2. Technical indicators:

    • MACD indicator shows DIF crossing above DEA, MACD value turning from negative to positive, suggesting potential increase in upward momentum.
    • KDJ indicator shows J value exceeding 100, usually considered an overbought zone, needing to be cautious of the risk of a pullback. At the same time, both K and D lines are still upward, but a downturn may be a selling signal.
    • EMA indicator shows the 7-period EMA has crossed above the 30-period EMA, a signal of short-term upward movement.
  3. Volume:

    • Volume has been relatively stable in the recent few hours, with no significant increase or decrease, indicating that the current price movement is not accompanied by significant volume changes.
    • Volume increases with price rise, reflecting upward momentum; while volume does not significantly increase with price fall, indicating insufficient downward momentum.

BGB

BGB's 1-hour price trend: Sideways.

Little A Morning Analysis: BTC, ETH, BGB Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Bitget BGB/USDT K-line chart, with the latest price at: 1.17999 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy Point 1: 1.170 USDT (Considering EMA(7) and EMA(30) proximity, and support at this level)

  • Buy Point 2: 1.165 USDT (If the price falls below the previous low, it may trigger more selling, but may also attract buyers)

  • Long Stop Loss: 1.160 USDT (Providing enough space to avoid stop loss triggered by small fluctuations, while protecting capital)

  • Sell Point 1: 1.185 USDT (Near recent highs, suitable as an initial profit-taking area)

  • Sell Point 2: 1.195 USDT (Exceeding the high point at 18:00 on July 23, expected to encounter significant resistance)

  • Short Stop Loss: 1.200 USDT (Leaving a buffer zone to ensure not misjudging the market trend due to a small rebound)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-lines show significant price fluctuations, especially with a long upper shadow at 13:00 on July 23, indicating selling pressure at the high.
    • Over the past few hours, the price has been oscillating within a narrowing range, without clear trend-oriented K-line formations.
  2. Technical indicators:

    • MACD indicator: The average values of DIF and DEA are close, and the length of the MACD histogram is decreasing, suggesting weakened momentum and a possible entry into a consolidation phase.
    • KDJ indicator: The frequent crossing of the K line and D line, along with significant fluctuations in the J line, reflects increased market uncertainty.
    • EMA indicator: The distance between EMA(7) and EMA(30) is not far, and EMA(7) is slightly above EMA(30), indicating a relatively balanced short-term strength between long and short positions.
  3. Volume:

    • The volume gradually decreased after reaching its peak at 13:00 on July 23, indicating that the previous price increase was accompanied by increased volume, but the buying pressure weakened thereafter.
    • The latest period's volume is lower than the previous few periods, consistent with the current consolidation status of the price.

※All content is provided by the intelligent analysis assistant Little A, and is for reference only, not constituting any investment advice!

Little A Intelligent Analysis is the industry's first intelligent analysis tool recommended by AICoin, which easily helps you interpret the trend of currencies, analyze indicator signals, and identify entry and exit points. Experience it on the APP or PC.

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