2.15 Evening Market Analysis and Trading Strategy$ETH
Market Highlights
- The daily chart shows a descending N-shaped pattern, with the 4H MACD breaking below zero, indicating strengthening bearish momentum. The price has broken below multiple key moving averages across different timeframes, with a clear short-term downtrend, showing weakness in upward movement. - The RSI is short-term bearish, and a bullish divergence on the OBV indicates diminishing selling pressure. There is a potential for a short-term minor rebound, but caution is advised due to possible increased volatility caused by liquidity shortages.
Trading Strategy
Bitcoin (BTC)
- Long Entry Range: 86500-87000 - Target Level: Around 90500
Ethereum (ETH)
- Long Entry Range: 2980-3010 - Target Level: Around 3100
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2.15 Evening Market Analysis and Trading Strategy$ETH
Market Highlights
- The daily chart shows a descending N-shaped pattern, with the 4H MACD breaking below zero, indicating strengthening bearish momentum. The price has broken below multiple key moving averages across different timeframes, with a clear short-term downtrend, showing weakness in upward movement.
- The RSI is short-term bearish, and a bullish divergence on the OBV indicates diminishing selling pressure. There is a potential for a short-term minor rebound, but caution is advised due to possible increased volatility caused by liquidity shortages.
Trading Strategy
Bitcoin (BTC)
- Long Entry Range: 86500-87000
- Target Level: Around 90500
Ethereum (ETH)
- Long Entry Range: 2980-3010
- Target Level: Around 3100