Analysis of Daily Price Trends for Bitcoin and Ethereum

The daily price trends of Bitcoin and Ethereum are eye-catching, with a strong downward spike. The price quickly tested the lower band of the Bollinger Bands and rebounded, leaving a long lower shadow in the candlestick.

After the daily close, the price fluctuated at a low level, forming a doji. This pattern often suggests a temporary balance between bullish and bearish forces.

Technical indicators have also changed; the MACD is below the zero line, but the histogram is shortening, indicating a weakening of bearish pressure. The RSI is rising near the oversold zone around 30, with short-term overselling easing, suggesting bullish accumulation.

On the 4-hour level, the price is oscillating near the moving averages. The short-term moving averages MA5 and MA10 are slowing in their downward rate, and MA5 shows a trend to cross above MA10, forming a golden cross. The medium-term moving average MA30 is flattening, challenging the unilateral downward structure, indicating a potential reversal in the trend.

The KDJ has formed a golden cross in the oversold zone, with the J value diverging, providing a clear bullish signal.

Trading suggestions:

Bitcoin: Buy at 94,200 today, set a stop loss at 800, initially target 96,000;

Ethereum: Buy at 3,320 today, set a stop loss at 40, temporarily target 3,410.

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