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Gate Square New & Returning Creator Rewards are ongoing!
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Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 1.10
Bitcoin's current price shows a volatile downward trend, with multiple long upper shadows and bearish candles indicating heavy selling pressure above. On the 4-hour chart, both DIF and DEA are below the zero line, and the MACD histogram remains negative, suggesting that the bulls are still in control but weakening gradually. The EMA7 has crossed below the EMA30 and is approaching the EMA120, indicating a clear short-term downtrend. Overall, the market is relatively stable on Saturday, so it’s advisable to take profits when the trend is good.
Trading suggestions: Buy around 91,000 to 91,500 for Bitcoin with a target of about 89,500; buy around 3,100 to 3,140 for Ethereum with a target of about 3,060. Market conditions are constantly changing. This article is time-sensitive. Friends entering the market should follow real-time guidance. #GateFun马勒戈币暴涨1251.09% #Gate广场创作者新春激励 #非农就业数据