January 7th, Bitcoin and Ethereum Market Analysis and Live Trading Strategies
In the 4-hour timeframe, a bearish engulfing pattern has appeared, confirming the current weak trend. The Bollinger Bands are converging, indicating potential consolidation in the short term. In the 1-hour timeframe, after an early morning rebound, a pullback occurred, trading below the middle band with significant resistance, while the validity of the lower band support remains to be confirmed.
Bitcoin Contract Live Trading Recommendations: - Long positions: Price range between 92,300-92,800, stop-loss set at 91,800, target price at 94,000. - If the price breaks below 91,800, switch to a short strategy with a target of 91,000.
Ethereum Contract Live Trading Recommendations: - Long positions: Price range between 3,240-3,270, stop-loss set at 3,210, target price at 3,350. - If the price breaks below 3,210, switch to a short strategy with a target of 3,180.
Key Points for Live Trading: 1. During Bollinger Band convergence, strictly control position sizes within 30%. 2. Do not chase high prices blindly before the middle band resistance is broken. 3. If the lower band support is broken, promptly cut losses or reverse positions; avoid greed.
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January 7th, Bitcoin and Ethereum Market Analysis and Live Trading Strategies
In the 4-hour timeframe, a bearish engulfing pattern has appeared, confirming the current weak trend. The Bollinger Bands are converging, indicating potential consolidation in the short term. In the 1-hour timeframe, after an early morning rebound, a pullback occurred, trading below the middle band with significant resistance, while the validity of the lower band support remains to be confirmed.
Bitcoin Contract Live Trading Recommendations:
- Long positions: Price range between 92,300-92,800, stop-loss set at 91,800, target price at 94,000.
- If the price breaks below 91,800, switch to a short strategy with a target of 91,000.
Ethereum Contract Live Trading Recommendations:
- Long positions: Price range between 3,240-3,270, stop-loss set at 3,210, target price at 3,350.
- If the price breaks below 3,210, switch to a short strategy with a target of 3,180.
Key Points for Live Trading:
1. During Bollinger Band convergence, strictly control position sizes within 30%.
2. Do not chase high prices blindly before the middle band resistance is broken.
3. If the lower band support is broken, promptly cut losses or reverse positions; avoid greed.