Xiaoyao KOL: Bitcoin and Ethereum Market Analysis (2.3)
The afternoon strategy focused on entering positions at higher levels. Bitcoin and Ethereum successfully reached the targets of 77,000 and 2260, gaining some profit. The current 4-hour candlestick chart for Bitcoin shows a strong rebound after testing the low near 74,600, reaching a high of 79,300, but subsequently falling back into a range of 77,800-78,000. The key focus now is whether it can hold above the key support level of 78,000. The MACD 4-hour chart shows the DIF and DEA lines still below the zero line, but the green bars are shortening, indicating weakening upward momentum and a potential for further rebound. However, short-term moving averages are providing resistance, and a decisive breakout is crucial. The overnight recommendation for entering positions on the rebound was to consider 78,800-79,300 for Bitcoin, with a target of around 77,000, and 2330-2360 for Ethereum, with a target of around 2260. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.