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Brothers, Bitcoin has recently experienced a significant decline on the daily chart. Currently, the price has begun to stabilize gradually and has shown a slight rebound, which is a positive sign. However, overall, it has not fully recovered from the "falling down" state and is still in a phase of "lying on the ground moving limbs" consolidation.
From a more detailed hourly chart perspective, the price has formed a high-level consolidation near previous lows. Now, the price is slowly returning to this previous low area, and in the short term, it is very likely to test the support strength here again. Whether it can hold or will be broken is the key point to observe next.
The MACD hourly green bars have just appeared, but they are very weak; the fast and slow lines DIF and DEA are still below zero, indicating that neither bulls nor bears have shown real strength, and the outcome is still undecided.
The MACD daily chart is in a recovery phase, with the downward momentum weakening. The RSI sentiment indicator on the hourly chart reads 48.9, and on the daily chart, it is around 50, both indicating a very "neutral" stance. This shows that market sentiment is cautious, neither overly enthusiastic nor panicked, with everyone watching and waiting.
The market is currently in the "healing" and "observation" period after a sharp decline. In the short term, it may continue to oscillate near key support levels, waiting for new directional signals. Patience is needed in trading.
1.23 Bitcoin trading strategies:
1. Short $BTC 90400-89600, stop loss above 91200, target 88600-87600
2. Long $ETH 87400-88200, stop loss below 86600, target 89600-90400
1.23 Ethereum trading strategies:
1. Short #黄金白银再创新高 3005-2965, stop loss above 3035, target 2905-2865
2. Long 2855-2885, stop loss below 2825, target 2945-2985