Waves in the Cryptocurrency Sea: 1.2 Cryptocurrency Market Analysis Reference for Bitcoin (BTC) and Ethereum (ETH) Today's Latest Trends and Insights

Waves in the Cryptocurrency Sea: 1.2 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's intraday performance continues to show a fluctuating upward trend, with the price gradually recovering from yesterday's low of 87500 and maintaining a gentle upward pace. Observing the daily chart, BTC is currently experiencing a technical rebound within an overall downtrend. The daily Bollinger Bands continue to narrow, with the current price operating near the upper middle band, yet it has not broken through the EMA30 resistance, and the upper Bollinger Band is forming a short-term pressure point. In the KDJ indicator, K value is 49.31, D value is 44.71, and J value is 58.50, with the three lines intertwining around 50 and the J line turning upward, indicating short-term momentum to break out of the consolidation range; in the MACD indicator, DIF and DEA remain below the zero axis, with the MACD histogram showing green bars but continuously narrowing, suggesting a further decline in bearish momentum. Overall, the technical outlook shows characteristics of low-level fluctuations forming a bottom, with bulls gradually accumulating strength. In the short term, it is crucial to focus on the effectiveness of breaking through the resistance zone formed by the EMA30 and the upper Bollinger Band; if it can stabilize with increased volume, the rebound trend is likely to continue; otherwise, it is highly probable to return to range-bound fluctuations.

From the short-term hourly chart, the 4-hour level shows initial signals of a trend reversal, with the Bollinger Bands diverging upward. The price has risen with consecutive bullish candles touching the upper Bollinger Band before closing with a bearish candle, currently operating in the upper middle band range. The previous high of 90300 constitutes a key resistance level, while 86700 below serves as an important support level; the KDJ indicator shows K value at 71.74, D value at 57.69, and J value at 99.84, with the J line having entered the overbought zone and the three lines diverging. In terms of the MACD indicator, DIF and DEA formed a golden cross above the zero axis and continue to diverge, with the volume bars expanding. Overall, BTC is in a rebound trend at the 4-hour level, but the KDJ overbought signal suggests a potential need for short-term correction. Moving forward, it is essential to monitor whether the price can hold the support of the middle Bollinger Band; if the support holds during the pullback, the price is likely to attempt another push towards the previous high after consolidation; if the support fails, the market may retreat to the lower key support level. Therefore, intraday operations can revolve around the aforementioned key resistance and support levels for high selling and low buying.

Waves in the Cryptocurrency Sea: 1.2 Bitcoin Short-term Reference:

Long Position: Buy in the range of 86500-87500, with a stop loss at 85500, targeting 88500-89500.

Short Position: Sell in the range of 89500-90500, with a stop loss at 91500, targeting 88500-87500.

Waves in the Cryptocurrency Sea: 1.2 Ethereum Short-term Reference:

Long Position: Buy in the range of 2915-2945, with a stop loss at 2815, targeting 2980-3060.

Short Position: Sell in the range of 3050-3080, with a stop loss at 3200, targeting 2950-2900.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Do not operate blindly.】

This content is originally shared by 【Waves in the Cryptocurrency Sea】 and represents personal opinions. The article may have delays in sending and is for reference only; do not operate blindly! If you want to receive more daily real-time signals, follow my public account. Here, you can engage in online technical learning and understand knowledge related to exiting positions. I have years of research experience in the market, focusing on the major trends in the cryptocurrency space. I am mainly responsible for analyzing and guiding investment operations for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. Welcome to study and research together.

I hope everyone on their investment journey can adhere to their principles, regardless of how the market changes. Stay rational and calm. Deeply understand the characteristics, risks, and return mechanisms of investment products, and do not let short-term market fluctuations sway your emotions. Be patient, avoid excessive greed and fear, and understand that wealth accumulation is a gradual process. Finally, I wish all my followers the ability to see opportunities in their investment journey, making every decision just right, sailing through the ocean of investments, and reaping wealth and growth!!!

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