There is only one direction for investment, not long, not short, only the right direction. I am the Coin Brother of the West, a friend willing to accompany you to rise again. The long road to recovery, Coin Brother is with you.

BTC Market Analysis

Bitcoin continued to decline after the morning market, forcefully breaking through the 70,000 support and stabilizing around 69,500, consolidating and absorbing funds. If it continues to break through today, a bearish trend may appear on the daily chart. The indicators show mixed signals, with the MACD maintaining continuous volume in the bullish trend, but the momentum is not very clear at the moment. The KDJ three lines are smoothly turning at the high level, indicating overall bullish dominance on the daily chart, but not significantly. On the 4-hour chart, the Bollinger Bands are running smoothly, with the short-term support at 69,000. The price has not broken through the 70,000 mark, and it is expected to continue to fluctuate. The MACD indicator shows increased bearish volume, with the fast and slow lines forming a death cross and moving downward. The KDJ three lines also form a death cross and move downward, indicating overall bearish dominance on the 4-hour chart. Therefore, in the short term, the price must break through the resistance at 70,200 to continue the upward momentum. Ethereum is under pressure at the 3,660 level, which is reasonable. The bullish trend on the daily chart for ETH is not strong, so stabilizing around 3,550 is already very good. This is not to emphasize how strong the bearish trend is, but Coin Brother still maintains that the bullish trend has opened.

BTC Trading Suggestions

Long at 68,200-68,500, with a target of 70,200-70,900

ETH Trading Suggestions

Long at 3,450-3,480, with a target of 3,600-3,620

Suggestions are for reference only, take profits at your own discretion

Strength is not just talk, nor is it boasting about profits. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no unprofitable market conditions, only orders that cannot hold profits. When others are making profits and you are at a loss, you might as well chat with the Coin Brother of the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following orders. As long as you are willing, I will not disappoint!

Free your hands and follow orders with one click on the official account

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。