Ethereum (ETH)

Recently, Ethereum has maintained a range-bound oscillation trend, briefly dropping to around 3593 in the evening before quickly rebounding, indicating strong support below. From a daily perspective, the price has successfully stabilized above the MA5 daily moving average and has repaired the technical gap, showing a bullish short-term trend. At the same time, the MA30 daily moving average continues to rise, indicating that the bullish trend is still ongoing.

Technical indicators:

• KDJ shows a golden cross diverging upwards, enhancing bullish momentum.

• MACD shows a bottom gold cross pattern, with the histogram expanding, and market sentiment leaning towards optimism.

• The moving average system shows a bullish arrangement, with short-term support further rising.

4-hour chart analysis:

In the short term, the price stabilizes and rebounds after a quick drop, with KDJ, MACD, and BOLL technical indicators all indicating enhanced bullish strength, and short-term moving averages showing a bullish arrangement, with capital inflow being relatively stable. The strength of bottom chips being absorbed is strong, and the market is still primarily trending towards strong oscillation in the short term.

Operational suggestions:

• Long position entry range: around 3605-3590.

• Stop loss: 3550.

• Target: 3670-3720.

Bitcoin (BTC)

Recently, Bitcoin has continued its upward trend after oscillating and consolidating, with lows consistently rising and highs steadily increasing, indicating a bullish market sentiment. However, it is still within a range-bound area, and the strength of the breakout needs further confirmation.

From a daily perspective:

• The price has maintained strong consolidation after breaking through the MA7 and MA10 moving averages, with the moving averages turning upward, and support steadily rising.

• The short-term oscillation is part of a consolidation pattern during an upward process, and there is still hope for continued upward momentum.

From the technical indicator analysis:

• The MACD histogram shrinking indicates that short-term momentum has weakened somewhat, but overall it is still in the positive zone, maintaining an upward trend.

• The weekly level has consecutively closed bullish, indicating strong market sentiment, and short-term swing operations can still lean towards the bullish direction.

Operational suggestions:

• Long position entry range: around 96900-97000.

• Stop loss: 96500.

• Target: 98500-99000.