BTC's 8-hour level downward channel remains intact, oscillating downwards along the lower and middle tracks of the channel, with a long-term bearish bias dominating the trend. The 100000-101000 range serves as short-term support, representing a technical correction within the bearish trend.
The daily moving average system is in a bearish arrangement, with prices continuously operating below the 5-day and 10-day moving averages. The MACD double lines have crossed downward and are diverging, with the green momentum bars maintaining an expanding trend, indicating that bearish momentum has not decreased.
The current rebound phase is characterized by a continuous shrinkage of volume, indicating that the rebound is a short covering action rather than a signal of trend reversal.
Evening operation direction
BTC rebounded to the range of 103800-104500, targeting 100500 and looking down to 98000. ETH rebounded to the 3550-3580 range, target 3450, looking down at 3320#BTC #ETH
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Thursday evening BTC ETH strategy:
BTC's 8-hour level downward channel remains intact, oscillating downwards along the lower and middle tracks of the channel, with a long-term bearish bias dominating the trend. The 100000-101000 range serves as short-term support, representing a technical correction within the bearish trend.
The daily moving average system is in a bearish arrangement, with prices continuously operating below the 5-day and 10-day moving averages. The MACD double lines have crossed downward and are diverging, with the green momentum bars maintaining an expanding trend, indicating that bearish momentum has not decreased.
The current rebound phase is characterized by a continuous shrinkage of volume, indicating that the rebound is a short covering action rather than a signal of trend reversal.
Evening operation direction
BTC rebounded to the range of 103800-104500, targeting 100500 and looking down to 98000.
ETH rebounded to the 3550-3580 range, target 3450, looking down at 3320#BTC #ETH