From a technical chart perspective, the current trend belongs to a typical consolidation extension pattern. Both bulls and bears are temporarily in a state of equilibrium, with repeated movements of sharp rises followed by pullbacks, and dips followed by rebounds within the range. Essentially, this is a tug-of-war between bullish and bearish momentum, making it difficult to determine a clear direction in the short term.
On the indicator front, the MACD remains below the zero line, with the DIF continuously below the DEA. Although the bearish momentum has significantly weakened compared to the sharp decline phase, the indicator has not yet shown a bullish crossover signal. The overall pattern still leans towards a bearish dominance. Considering the likely decrease in market trading volume over the weekend, Old Guo recommends maintaining a high-short strategy during the day and avoiding blindly chasing long positions!
Operation Suggestions Short near 89500-90000 for Bitcoin, target around 88500-88000
Short near 2960-2980 for Ethereum, target around 2900-2850
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1-25 Morning Operation Strategy Analysis
From a technical chart perspective, the current trend belongs to a typical consolidation extension pattern. Both bulls and bears are temporarily in a state of equilibrium, with repeated movements of sharp rises followed by pullbacks, and dips followed by rebounds within the range. Essentially, this is a tug-of-war between bullish and bearish momentum, making it difficult to determine a clear direction in the short term.
On the indicator front, the MACD remains below the zero line, with the DIF continuously below the DEA. Although the bearish momentum has significantly weakened compared to the sharp decline phase, the indicator has not yet shown a bullish crossover signal. The overall pattern still leans towards a bearish dominance. Considering the likely decrease in market trading volume over the weekend, Old Guo recommends maintaining a high-short strategy during the day and avoiding blindly chasing long positions!
Operation Suggestions
Short near 89500-90000 for Bitcoin, target around 88500-88000
Short near 2960-2980 for Ethereum, target around 2900-2850