Xiaoyao LOL: Bitcoin and Ethereum Afternoon Market Analysis 11.8

Yesterday afternoon, the strategy of entering positions at higher levels was adopted, and Bitcoin and Ethereum (BTC) took off immediately. Bitcoin's current daily chart shows a rebound after yesterday's decline, forming a long lower shadow. Currently, the overall trend remains weak and volatile. The 4-hour MACD histogram is gradually shrinking, with the fast and slow lines running in negative territory but showing signs of convergence, indicating weakening upward momentum. The RSI is currently near oversold territory, suggesting a short-term technical rebound is possible. The EMA7 and EMA30 are in a death cross, indicating significant short-term moving average resistance. Intraday, the recommended entry points are: Bitcoin around 103000-103500, with a target around 101000; Ethereum around 3470-3500, with a target around 3350. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.