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Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 1.29
Yesterday's layout retracement successfully reached around 90500 and 3045. Congratulations to friends who followed the strategy. Currently, on the daily chart, Bitcoin shows a decline from a high level, forming consecutive bearish candles, indicating a overall oscillating downward trend. On the 4-hour cycle, both DIF and DEA are below the zero line, and the MACD histogram has shifted from green to red, with selling pressure dominating. The price is currently trading below EMA7 and EMA30, and far from EMA120, with both short-term and medium-to-long-term moving averages exerting resistance. The decline is accompanied by increased volume, while the rebound lacks sufficient volume, indicating strong selling pressure and lack of confidence. It is recommended to buy at the high rebound levels within the day.
Refer to Bitcoin around 88800 to 89300 for entry, with a target near 87500. For Ethereum, buy around 2980 to 3020, with a target near 2900. Market conditions are constantly changing. The article is time-sensitive. For those entering the market, follow real-time guidance. #金价突破5200美元 #内容挖矿焕新公测开启 #中东局势升级