Gu Jingci: 1.21 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum experienced poor arrangement yesterday, apologies to everyone. Currently, after a sharp dip in the early morning, the market has stabilized somewhat and is rebounding just above the previous daily lows of 2880 and 87500. In terms of candlestick patterns, recent prices show a clear downward trend, especially with the large plunge yesterday forming a long bearish candle. The current candlestick oscillates around 2940 and 88700, showing signs of stopping the decline in the short term, but overall remains weak.

Technical indicators on the 4-hour chart show that both DIF and DEA are negative and diverging downward, indicating strong bearish momentum; however, the MACD histogram has slightly shortened, showing signs of weakening. The intraday strategy is to buy on dips above the needle insertion lows, focusing on support levels at 87500 and 2880.

Operation suggestions: Buy near 88500 for Bitcoin, add on dips at 87800, with targets around 90000-91000; buy near 2940 for Ethereum, add on dips at 2900, with targets around 3000-3050. If broken, continue upward, with support at 87000 and 2870.