These past two days, the trading strategies for Bitcoin and Ethereum have been quite similar—both following a long-then-short approach. Taking Silk Road as an example, long positions around 2900 and short positions around 2970 netted over 120 points in just a week. This week, Ethereum performed even more aggressively, surpassing 450 points.
Currently, both Bitcoin and Ethereum are showing a pattern of bottoming out and then rising, with high-level consolidation. In the short term, the trend appears relatively strong, but the key is whether they can break through those resistance levels. On the 4-hour chart, the MACD's DIF and DEA lines have formed a golden cross below the zero axis, and the histogram has turned red—this is a positive signal. However, on the daily chart, the MACD is still in a death cross, and the price is being pressed down by the EMA30 moving average, indicating overall weakness.
But a recent detail worth noting is that the daily MA indicators are starting to turn upward, with support levels continuously rising. Under these circumstances, the short-term rebound momentum is quite strong, and the market may continue to push higher.
Evening outlook: Consider going long on Bitcoin around 87,700-88,200, targeting 90,000-91,000; for Ethereum, go long around 2930-2950, with targets of 3030-3060. Of course, this is just a technical reference; specific operations should be adjusted flexibly according to real-time market conditions, with risks borne by oneself.
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rekt_but_not_broke
· 20h ago
450 points? Damn, bro was really on fire this Tuesday. How did I miss this train?
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AirdropLicker
· 20h ago
450 points this week are quite intense. The MA turning upward is a pretty good signal in my view, just don't get fooled by the daily MACD.
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LightningWallet
· 20h ago
The 450-point wave on Ethereum was indeed strong, but the current question is whether it can hold steady at the resistance level.
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ruggedSoBadLMAO
· 20h ago
Did Ethereum just eat up 450 points this week? Why do I feel like I'm still holding the bag...
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DegenWhisperer
· 21h ago
450 points straight up, Ethereum really crushed it this week. I wonder if there will be another wave like this soon.
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ContractFreelancer
· 21h ago
Over 120 points just got smoothed out, this week Ethereum is at 450 points... sounds great, but the question is, can it be replicated?
These past two days, the trading strategies for Bitcoin and Ethereum have been quite similar—both following a long-then-short approach. Taking Silk Road as an example, long positions around 2900 and short positions around 2970 netted over 120 points in just a week. This week, Ethereum performed even more aggressively, surpassing 450 points.
Currently, both Bitcoin and Ethereum are showing a pattern of bottoming out and then rising, with high-level consolidation. In the short term, the trend appears relatively strong, but the key is whether they can break through those resistance levels. On the 4-hour chart, the MACD's DIF and DEA lines have formed a golden cross below the zero axis, and the histogram has turned red—this is a positive signal. However, on the daily chart, the MACD is still in a death cross, and the price is being pressed down by the EMA30 moving average, indicating overall weakness.
But a recent detail worth noting is that the daily MA indicators are starting to turn upward, with support levels continuously rising. Under these circumstances, the short-term rebound momentum is quite strong, and the market may continue to push higher.
Evening outlook: Consider going long on Bitcoin around 87,700-88,200, targeting 90,000-91,000; for Ethereum, go long around 2930-2950, with targets of 3030-3060. Of course, this is just a technical reference; specific operations should be adjusted flexibly according to real-time market conditions, with risks borne by oneself.