The market has been performing well these past couple of days, with a clear bullish trend. The moving averages are well aligned, and a golden cross has appeared, which is a bullish signal. Currently, Bitcoin is hovering near the key resistance level at 94,760.3. Once a successful breakout occurs, there is room for further gains.
However, be cautious—RSI has entered the overbought zone, and the upper band of the Bollinger Bands is also approaching. This indicates that some traders might start taking profits, and short-term volatility risks remain.
From a broader perspective, the trend is clear. The 90,300 level is an important support, making it a safe entry point. My suggestions are:
**Bitcoin**: Consider going long in the 92,500-93,000 range, targeting around 94,000-94,500.
**Ethereum**: Enter around 3,180-3,200, with targets near 3,280-3,300.
Remember, following the trend is the key principle.
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TheMemefather
· 01-08 23:04
Refueling in the air is a bit dangerous, and the RSI is overbought... but you're right, the 90300 level does look like an iron gate.
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MEVHunterLucky
· 01-07 23:27
The key resistance level at 94760 is indeed a bit risky. With RSI already overbought, dare to chase? I think it's better to wait for a pullback before jumping in, or you'll easily become the bagholder.
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MetaverseLandlord
· 01-06 10:30
94760 Want to break through? Last time, it was the same, and the result was cut in half. This time, it might not be able to break out.
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ChainWanderingPoet
· 01-06 10:30
Is there really a massive order waiting to hit above 94760? Feels like someone is hyping this move...
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4am_degen
· 01-06 10:30
I think this level at 94760 is a bit suspicious. The RSI is overbought, and it's still pushing up? Be careful of getting caught in a trap. I'll wait for a pullback to 92500 before entering the market.
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OnlyUpOnly
· 01-06 10:27
Oh no, the 94760 resistance level is really tough. It feels like breaking through will be difficult.
What should I do about the RSI being overbought? I still want to chase after it. This bullish trend looks really comfortable.
#美联储FOMC会议 BTC and ETH evening trading ideas:
The market has been performing well these past couple of days, with a clear bullish trend. The moving averages are well aligned, and a golden cross has appeared, which is a bullish signal. Currently, Bitcoin is hovering near the key resistance level at 94,760.3. Once a successful breakout occurs, there is room for further gains.
However, be cautious—RSI has entered the overbought zone, and the upper band of the Bollinger Bands is also approaching. This indicates that some traders might start taking profits, and short-term volatility risks remain.
From a broader perspective, the trend is clear. The 90,300 level is an important support, making it a safe entry point. My suggestions are:
**Bitcoin**: Consider going long in the 92,500-93,000 range, targeting around 94,000-94,500.
**Ethereum**: Enter around 3,180-3,200, with targets near 3,280-3,300.
Remember, following the trend is the key principle.