Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 1.14



Currently, on the daily chart, Bitcoin's price rapidly surged from lows to around 96,800 and then pulled back. It is now oscillating around 94,800. The previous day formed a long upper shadow, indicating strong selling pressure at high levels. On the 4-hour chart, there is a pattern of a sharp rise followed by a pullback, with the high not being broken. The market is in a correction phase. The MACD histogram has shortened, and DIF and DEA are approaching each other, indicating weakening momentum. The daily chart still shows a head-and-shoulders pattern, but signs of slowing are evident. EMA7 provides support to the price, while EMA30 and EMA120 are in a head-and-shoulders arrangement, but the price is far from the moving averages, indicating a risk of a pullback.

Afternoon trading suggestions: Buy around 95,300 to 95,800 for Bitcoin with a target near 93,500; buy around 3,350 to 3,380 for Ethereum with a target near 3,250. Market conditions are constantly changing. The article is time-sensitive. Traders entering positions should follow real-time guidance. #GateTradFi上线 #中文Meme币热潮 #CPI数据将公布
BTC3,36%
ETH5,29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt