1. Afternoon of the 19th, Bitcoin and Ethereum operation suggestions and directions share


From the current market situation, Bitcoin is still in a downward trend. After dropping from around 95,500 in the morning to a low of 91,800, it slightly rebounded to around 92,470, forming a long lower shadow. The price rebounded after breaking below the lower band, but the middle and upper bands are inclined downward. Overall, it remains in a bearish trend. From the technical indicators, the KDJ three values are still in the oversold area, indicating a short-term rebound demand, but a golden cross has not yet formed. MACD: the fast and slow lines are below the zero axis, DIF and DEA maintain negative values, and the MACD histogram expands, indicating that the momentum of the bulls is still dominant. In terms of technical patterns, it is necessary to observe whether a "double bottom" or "head and shoulders bottom" structure forms, combined with increased volume to confirm a reversal signal.
Short-term support level: around 91,800, the previous low point; resistance level: around 94,100, the middle band of the Bollinger Bands. Currently, the rebound is weak, so the afternoon operation strategy is recommended to continue with the midday approach, mainly focusing on rebounds.
Bitcoin around 92,500 to 93,000 can be considered for long positions, watch for 91,000.
Ethereum around 3,200 to 3,230 can be considered for long positions, watch for 3,100.
Be cautious of a bottoming rebound, stop loss at around 93,100. If broken, follow the trend. Light positions can be tried for long above 93,100, with a target of 94,500.
#BTC #ETH
ETH0,19%
BTC-0,44%
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