Yesterday, BTC surged and then fell back, forming a long upper shadow. The daily mid-level resistance around 89000 is clear, and it has not effectively stabilized. The current price is fluctuating around 88500.
The 4-hour MA5 moving average provides short-term support, the RSI (14) is at 58.3, in the neutral to strong range, not overbought and still has room for a rebound.
The hourly MACD is showing a contraction in volume and a slight expansion of the red energy bars. There is a technical rebound demand in the short term, but the strength is limited.
Day trading strategy
BTC rebounded to the range of 89500-90000, target 88000, looking down at 86500. ETH rebounded to the range of 3020-3050, target 2980, looking down at 2920.
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Tuesday daytime BTC ETH strategy
Yesterday, BTC surged and then fell back, forming a long upper shadow. The daily mid-level resistance around 89000 is clear, and it has not effectively stabilized. The current price is fluctuating around 88500.
The 4-hour MA5 moving average provides short-term support, the RSI (14) is at 58.3, in the neutral to strong range, not overbought and still has room for a rebound.
The hourly MACD is showing a contraction in volume and a slight expansion of the red energy bars. There is a technical rebound demand in the short term, but the strength is limited.
Day trading strategy
BTC rebounded to the range of 89500-90000, target 88000, looking down at 86500.
ETH rebounded to the range of 3020-3050, target 2980, looking down at 2920.