The financial markets have been particularly calm recently, especially on the eve of important economic data releases. Today's volume is noticeably low, and the overall market volatility is limited. Investors' attention is mainly focused on the weekly initial unemployment claims data to be released at 8:30 PM. From a technical analysis perspective, there are no significant changes in market trends, but considering the potential impact of the upcoming economic data, it is advisable for investors to adjust their entry timing and position strategies accordingly.



For Bitcoin, it is recommended to look for buying opportunities in the range of $11,340 to $11,370, with a target price of $11,450 to $11,550 and a stop loss set at $11,300. For Ethereum, consider buying in the range of $4,260 to $4,290, with a target price of $4,350 to $4,450 and a stop loss at $4,230.

It is noteworthy that if the prices of Bitcoin and Ethereum fall below the key support levels of $11,300 and $4,230 respectively, investors may need to reassess the market direction and consider shifting to short strategies, with new target prices potentially set at $11,200 and $4,150.

In the current market environment, it is crucial to remain vigilant and flexible. Investors should closely monitor the upcoming economic data and adjust their trading strategies in a timely manner based on market reactions. At the same time, it is important to manage risks by setting reasonable stop-loss levels to cope with potential market fluctuations.
BTC-1.89%
ETH-5.87%
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CommunityJanitorvip
· 9h ago
This market trend is easy to understand at a glance.
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MercilessHalalvip
· 9h ago
Analyzing this trend? Laughing to death.
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DataPickledFishvip
· 9h ago
So intense, chasing the price to enter the market.
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BugBountyHuntervip
· 9h ago
Wait for the big liquidation, retail investor.
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CrossChainBreathervip
· 9h ago
Void Digging Cut Loss and Run
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MissedAirdropAgainvip
· 9h ago
Still have to keep an eye on the data waiting for cannon fodder.
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