Afternoon Trading Suggestions and Future Trend Analysis for Bitcoin and Ether: 2/5 The current market is in a range-bound pattern, with prices fluctuating between 70085.3 (strong support) and 74141.1 (strong resistance). Technically, a bullish engulfing pattern and upward-sloping short-term moving averages are converging, indicating that bulls are attempting to exert pressure. However, trading volume has significantly decreased, and the volume-price divergence suggests insufficient upward momentum, making a breakout of resistance in the short term unlikely. Given the market's range-bound state and the strong support level of 70085.3, historically, this area has strong buying support. Therefore, buying on dips near the support level is a prudent strategy consistent with the current market characteristics. Subsequent trading suggestions should focus on buying on dips. For Bitcoin, consider a small long position around 70000-70500, with a target of 72000-72500. For Bitcoin 2, consider a small long position around 2080-2100, with a target of 2150-2200.
Bitcoin and Ethereum Afternoon Trading Recommendations and Future Trend Analysis: 2/5
2026-02-05 07:38:11
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