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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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