JiaMiYing
JiaMiYing|Feb 10, 2025 09:38
1. Bitcoin (BTC) analysis Recent performance: -Bitcoin has closed with a "star line" for several consecutive days, indicating a relative balance of forces between long and short positions in the market, with no clear direction in the short term. -At the weekly level, a "spindle line" is formed, and the MACD indicator shows a "dead cross", which is usually a signal that the overall trend may further decline. Future forecast: -Short term (1-3 weeks): Bitcoin may experience an oversold rebound, with the limit of the rebound possibly between $105000 and $108000. -Long term: This rebound is only short-term, and the long-term trend has not reversed. After the rebound, Bitcoin may face a significant adjustment again, and the price may fall back to the range of $70000 to $80000. -Adjustment time: The overall adjustment may take 2-5 months. It is expected that Bitcoin will reach a new high of over $110000 after July or August 2025. 2. Ethereum (ETH) analysis Recent performance: -Ethereum closed with a "crosshair" yesterday, indicating market hesitation. -At present, the price is around the 5-day moving average and may experience a oversold rebound in the short term. Future forecast: -Short term: Ethereum may experience an oversold rebound, but the rebound height is limited. -After the rebound: After the rebound is over, Ethereum is likely to fall back again and enter the adjustment phase. -Bitcoin: There may be a rebound in the short term, but the long-term trend still leans towards a downward trend. After adjustment, it is expected to reach a new high in the second half of 2025. -Ethereum: The short-term rebound strength is limited, and it may continue to adjust after the rebound. Investors should closely monitor market trends, operate cautiously, and avoid blindly chasing gains and selling losses.
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