🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Bitcoin Market Overview: Bitcoin has recently shown a trend of fluctuating downwards, with the price retreating from a high of 119,561 to a low of 117,387, currently consolidating in the range of 117,500-118,000. Technical Analysis: Key support zone: 117,000-117,500 4-hour chart: forming a falling wedge pattern MACD indicator: flattening below the zero line, with the green momentum bars shortening, indicating a weakening of downward momentum CME gap: Tomorrow morning at 8:00, the CME gap of 116,500-117,000 may become a catalyst for fluctuations. Ethereum Market Overview: Ethereum is also showing a fluctuating trend, with the price completing an N-shaped fluctuation structure of 3588-3671-3530, and the low of 3530 touching the middle band support of the daily Bollinger Bands. Technical Analysis: 1-hour RSI: forming a bottom divergence Open interest: increasing alongside price retreat, indicating a possible short positions trap Key support zone: 3500 Market Technical Analysis: Both Bitcoin and Ethereum are showing a trend of fluctuating downwards, but currently consolidating near key support zones, demonstrating a certain degree of resistance to falling. The range of 117,000-117,500 for Bitcoin is the key support zone, and if this range is broken, it may further dip into the CME gap of 116,500-117,000. The 3500 for Ethereum is the key support level, and if it breaks below this level, it may further dip into the 3400-3450 range. Technical Indicators: The 4-hour chart for Bitcoin is forming a falling wedge pattern, with the MACD indicator flattening below the zero line, and the green momentum bars shortening, indicating a weakening of downward momentum, potentially welcoming a rebound. The 1-hour RSI for Ethereum is forming a bottom divergence, with open interest increasing alongside price retreat, indicating a possible short positions trap, meaning the market may form a rebound at a low level. Evening Strategy for Bitcoin: It is recommended to try going long with a Light Position near 117,300 (stop loss at 116,700), and if the price breaks 118,200, one can increase the position. If 119,000 is not broken, one can take the opposite position for short (stop loss at 119,500). For Ethereum: It is recommended to go long near 3550 (stop loss at 3500), aiming for 3800-3850 after breaking 3650 #ETH突破3600# #特朗普施压鲍威尔# .