Gu Jingci: 2.12 Bitcoin/Ethereum Trading Strategy and Market Analysis

Yesterday evening, Bitcoin and Ethereum experienced two pullback entries for long positions. First, entries around 66,800 and 1,940 were made, pushing prices up to 68,800 and 2,015. Later, in the early morning, additional long entries around 66,700 and 1,920 to 1,940 pushed prices up to approximately 68,300 and 1,987. The overall space can be observed clearly. Currently, the market remains in a narrow range of fluctuation, with potential for continued bottoming out. Pay attention to support levels below. On the 4-hour chart, candlestick patterns show recent continuous oscillation, with fierce battles between bulls and bears. Long shadows indicate coexistence of selling pressure above and support below, suggesting the market is entering a consolidation rebound.

On the daily chart, consecutive volume-backed bearish candles confirm a clear downtrend. The current candlestick is a small bullish candle, but trading volume has decreased, indicating insufficient momentum for a rebound. Technical indicators on the 4-hour MACD: DIF and DEA are both below the zero line, with DIF below DEA. The MACD histogram is negative, indicating a generally bearish trend. The negative MACD histogram is converging, suggesting that short-term downward momentum is weakening.

Trading Suggestions: Buy near 66,300 to 66,800 for Bitcoin, with targets around 69,000 to 70,000; buy near 1,930 to 1,950 for Ethereum, with targets around 2,010 to 2,050.