Hai Zhou Lang: 1.10 Cryptocurrency Market Bitcoin (BTC), Ethereum(ETH) Latest Market Analysis and Insights Today
Hai Zhou Lang: 1.10 Bitcoin (BTC) Market Analysis Reference:
Bitcoin remains volatile within a narrow range today, fluctuating around the 90,000 level. As of press time, BTC is quoted at 90,700. From the daily chart perspective, Bitcoin's daily K-line has been consecutively bearish, with the price currently above the BOLL middle band. The KDJ indicator's three lines are diverging downward, indicating continued bearish momentum; the MACD shows DIF and DEA moving upward but with significantly narrowing volume bars, suggesting that while the bullish trend on the daily chart has not fully reversed, upward momentum is notably weakening. The three RSI lines are hovering near the 50 mark, so short-term focus should be on the Bollinger middle band (89,500) support. If the price can stabilize above this middle band, there is still potential for a rebound testing the 92,000-93,000 range and possibly attempting to break above the 94,000 resistance.
On the 4-hour chart, the Bollinger bands are narrowing downward, with the middle band acting as resistance to the price. The KDJ lines are contracting and converging below 50, and the RSI lines are all below 50. The MACD volume bars are continuously shrinking without forming a valid golden cross, reflecting a weak consolidation phase on the 4-hour level. On the 1-hour chart, the Bollinger channel is flattening and beginning to narrow, with the price falling from the overbought high of 91,900. The J value of KDJ is turning downward, and the MACD volume bars have shifted from negative to positive but with insufficient upward strength. The short-term hourly and 4-hour charts are resonating, forming a consolidation pattern. The short-term price is likely to range between 90,000 and 91,500. Given the weekend, further details are omitted here. A cautious approach with high shorts and low longs is recommended for short-term gains.
Hai Zhou Lang: 1.10 Short-term Bitcoin Reference:
Long positions: Buy in the 89,000-90,000 range, stop loss at 88,500, target 91,000-92,000.
Short positions: Short in the 91,500-92,500 range, stop loss 500 points, target 91,000-90,000.
Hai Zhou Lang: 1.10 Ethereum Short-term Reference:
Long positions: Buy in the 3,035-3,065 range, stop loss at 2,950, target 3,100-3,150.
Short positions: Short in the 3,130-3,180 range, stop loss 30 points, target 3,100-3,050.
This content is originally shared by 【Hai Zhou Lang】, representing personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! Hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Deeply understand the characteristics, risks, and profit mechanisms of investment products, and avoid being swayed by short-term market volatility. Wishing fans and friends to have keen insight, seize opportunities, make precise decisions, and navigate the ocean of investment to harvest wealth and growth!!!#BTC #ETH