One-Hour Bitcoin Market Analysis

1. Trend Structure
This is a pattern of oscillation from a high level to a breakdown and decline. Previously, the price oscillated and consolidated between 8900-9100, with bullish and bearish forces temporarily balanced.
Subsequently, a series of large bearish candles appeared, directly breaking through the lower boundary of the consolidation zone, entering a rapid decline phase, with the low point reaching 86033.5. The market is dominated by bearish forces.
2. Key Indicators and Signals
Bollinger Bands: The price has broken below the lower band, entering an oversold area, indicating that short-term downward momentum has been overextended and a technical rebound is needed.
Moving Average System: Short-term moving averages (white and pink) have turned downward simultaneously, and the price is trading below all moving averages, confirming a current bearish trend.
Stability Signal: After the low at 86033.5, a small bullish candle appeared, which is an initial sign of a stop in the decline, but subsequent candles need to confirm whether an effective rebound can form.
3. Support and Resistance
Support Levels: 86033.5 is the current clear short-term low, with 86000 being an important psychological support level below.
Resistance Levels: The first resistance is at 87000, with a stronger resistance zone at 89000 (the lower boundary of the previous oscillation platform). When the price rebounds to these levels, it is likely to encounter resistance and pull back.
4. Future Projections
If the rebound continues: It is necessary to effectively break through 87000 and stabilize above the short-term moving averages to have a chance to challenge the 89000 resistance zone.
If the decline continues: If support at 86000 is broken, the price may further decline, and caution should be taken regarding the continuation of the bearish trend.
One-Hour Ethereum Market Analysis
1. Trend Structure
This is a pattern of oscillation from a high level to a breakdown and decline. Previously, the price oscillated and consolidated between 8900-9100, with bullish and bearish forces temporarily balanced.
Subsequently, a series of large bearish candles appeared, directly breaking through the lower boundary of the consolidation zone, entering a rapid decline phase, with the low point reaching 86033.5. The market is dominated by bearish forces.
2. Key Indicators and Signals
Bollinger Bands: The price has broken below the lower band, entering an oversold area, indicating that short-term downward momentum has been overextended and a technical rebound is needed.
Moving Average System: Short-term moving averages (white and pink) have turned downward simultaneously, and the price is trading below all moving averages, confirming a current bearish trend.
Stability Signal: After the low at 86033.5, a small bullish candle appeared, which is an initial sign of a stop in the decline, but subsequent candles need to confirm whether an effective rebound can form.
3. Support and Resistance
Support Levels: 86033.5 is the current clear short-term low, with 86000 being an important psychological support level below.
Resistance Levels: The first resistance is at 87000, with a stronger resistance zone at 89000 (the lower boundary of the previous oscillation platform). When the price rebounds to these levels, it is likely to encounter resistance and pull back.
4. Future Projections
If the rebound continues: It is necessary to effectively break through 87000 and stabilize above the short-term moving averages to have a chance to challenge the 89000 resistance zone.
If the decline continues: If support at 86000 is broken, the price may further decline, and caution should be taken regarding the continuation of the bearish trend. #ETH走势分析 #BTC行情分析