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1.19#周末行情分析 #GateFun代币推荐 #GateLaunchpadIMU Bitcoin and Ethereum Market Analysis and Trading Recommendations
Currently, the price has retraced to 92,500, and in the short term, it is consolidating at the weekly low. This morning's volatility increased, and the price broke below the daily EMA. There is a retracement and upward trend, and the second wife’s Bitcoin price is also retracing to around 3,200 with sideways fluctuations. However, the weekly bullish trend remains intact, indicating a healthy correction rather than a reversal signal.
The daily chart shows an upward movement followed by a correction. The bearish momentum is nearing exhaustion, so the main structure suggests a dip to buy the dip and go long. Although there was a slight downward fluctuation this morning, it is a normal retracement within the overall market. Every retracement has shown strong support below, with multiple rebounds, indicating a sideways upward trend. Therefore, the main direction remains bullish. Currently, support is at 91,200, which is strong. The 4-hour RSI is in the oversold zone, indicating that the retracement momentum is nearing its end. The medium-term weekly bullish pattern remains unbroken. With multiple positive factors resonating, the upward momentum is sufficient. It is recommended to buy the dip and go long, paying attention to leverage and position sizing.
Suggested entry points: Bitcoin 92,500-92,000 for long positions, watch for 94,000.
Second wife’s price 3,200-3,180 for long positions, watch for 3,280.