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Deer Star 8.1 Midday Analysis and Trading Suggestions
Looking back at the morning trend, the market continues to decline. Bitcoin rose to 116,300 before pulling back, dipping to a low of 114,200 before rebounding, with the current market price oscillating around 115,462. Ethereum is following Bitcoin's trend, falling from a high of 3,740 to a low of 3,614 before rebounding, now stabilizing around 3,689.
Analyzing from the 1-hour level, there has been a continuous series of bearish candles, and the downtrend is clear. Although there has been a recent rebound with bullish candles, the overall bearish arrangement has not changed, and there are no clear reversal signals. The current price is below the middle band, with short-term bearish forces dominating; the 4-hour level shows a downward divergence pattern, indicating that the short-term bearish sentiment remains strong. The midday trading strategy should still focus on building short positions.
Operation Suggestions:
The pancake can fluctuate around 115700 - 115900, with the target looking towards 114700 - 114500.
The concubine can fluctuate around 3690 - 3700, with the target looking towards 3650 - 3630 #BTCÐ Launchpool收益超3%#