Bitcoin/Ethereum evening trading strategy with market analysis

Bitcoin/Ethereum once again experienced a sharp rise followed by a pullback. The four-hour chart shows a continuous downward trend with weak overall momentum. However, the price is approaching previous support levels within the box range, with short-term support at 65,000 and 1,900 in the early morning. The daily candlestick pattern after a massive surge indicates that the recent two days have seen consecutive bearish candles, suggesting a weak overall trend in a correction phase. The four-hour chart remains within the body of the previous large bearish candle, indicating a temporary consolidation after the decline.

Technical indicators show that on the four-hour chart, the MACD line has crossed below the DEA line, and both lines are below the zero axis. The MACD histogram is negative and continues to expand, indicating strong bearish momentum and a clear downtrend. However, trading volume on the four-hour chart has significantly decreased, suggesting that the rebound or consolidation after the decline lacks momentum. Effective support levels below could lead to further rebounds and upward movements, so watch for the strength of the upward push.

Evening trading suggestions: Buy near 65,300 to 65,800 for Bitcoin, with targets around 67,500 to 68,500; buy near 1,920 to 1,940 for Ethereum, with targets around 2,000 to 2,050.

Daily analysis and strategy have a relatively high success rate. All analysis and strategies are for reference only. Please manage your own risk. The article's review and publication do not guarantee timeliness; please refer to real-time data!