Saturday, Bitcoin and Ethereum Morning Analysis
Bitcoin has been affected by negative news from Trump, once again falling below the one-hour rising trend line in the early morning and seeking support in the mid-range of a wide fluctuation. The daily line shows a long lower shadow, and although there has been a slight rebound, the ninety thousand range has become significant resistance. The market is gradually desensitizing to positive news while amplifying negative news, and the bearish trend remains unchanged. It is advisable to set stop-loss and take-profit orders based on news.
From a technical structure perspective, looking at the four-hour chart, the daily repair rhythm has been disrupted again, and the market has swallowed the previous rebound gains. Currently, the price continues to close with large bearish candles, and overall bearish sentiment is quite strong. The downward trend has not yet dissipated, and if the price breaks below the 86500 level, there is a risk of a further decline of a thousand points. It is recommended to focus on short positions and operate in line with the trend. Resistance above is at the 88000 line, followed by the area near the ninety thousand mark.
Saturday Morning Suggestions
Bitcoin: Look for a range around 87000-87500 and watch for support near 83500.
Ethereum: Look for a range around 2200-2250 and watch for support near 2100.
Overthinking can easily lead to losing direction, but if you find that light and follow it, it will definitely be the right answer!
