Today, Bitcoin is fluctuating around the 78,000 level, showing a consolidation trend after a high-level pullback. The daily chart indicates a long lower shadow on the 1st, followed by a rebound, but it failed to break through the previous high of 79,350, indicating short-term resistance. On the 4-hour chart, both DIF and DEA are negative, and the MACD histogram is gradually shrinking, suggesting weakening bearish momentum and entering a consolidation phase. BTC Trading Suggestion: Go long around 78,000, target 78,800-79,500, stop loss 77,200 ETH Trading Suggestion: Go long around 2,300, target 2,380-2,450, stop loss 2,240
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MakingMoneyForTheNewYear
· 6h ago
Stop-loss is set so high that it limits potential losses excessively, which may prevent you from effectively managing risk.
2.3 Tuesday Afternoon Market Analysis
Today, Bitcoin is fluctuating around the 78,000 level, showing a consolidation trend after a high-level pullback. The daily chart indicates a long lower shadow on the 1st, followed by a rebound, but it failed to break through the previous high of 79,350, indicating short-term resistance. On the 4-hour chart, both DIF and DEA are negative, and the MACD histogram is gradually shrinking, suggesting weakening bearish momentum and entering a consolidation phase.
BTC Trading Suggestion: Go long around 78,000, target 78,800-79,500, stop loss 77,200
ETH Trading Suggestion: Go long around 2,300, target 2,380-2,450, stop loss 2,240