Technical Analysis:
BTC: From a technical perspective, the significant rise has created a large gap in the technical indicators. The current market needs to consolidate and wait for the moving averages to rise for support to continue upward, or it may repair the technical gap through a pullback. #BTC翻倍之路
Currently, there are no policy suppression factors, but some profit-taking has begun to show signs of selling due to high prices. Overall, even if the market continues to rise, it currently needs to adjust to gather strength to reach higher points. Before the adjustment, the market is expected to appear slightly weak.
Once the expected adjustment occurs, the bottom support level is tentatively set at 69000, after which we will further assess whether the market will continue to rise or reach a temporary peak.
From the 4-hour trend, the overall performance remains a slight upward fluctuation, with critical support to watch at the 75500 level. As long as this point is not breached, a conservative approach is advisable, with short-term focus on the small range fluctuations of one thousand points.
ETH: The 4-hour chart shows that Ethereum's overall trend continues to be steady and upward, but it is worth noting that the distance between the highs of the candlesticks is gradually narrowing, and the lower shadows are quite pronounced, indicating that selling pressure is starting to emerge near the 3000 point mark. #ETH🔥🔥🔥🔥🔥🔥
The weekly level has currently formed a large bullish candlestick, and a pullback is expected over the weekend, leaving an upper shadow. It is crucial to closely monitor whether the large bullish candlestick continues next week.
The current market should focus on the lower defensive points of 2880 and 2780 on the 1-hour chart. A conservative approach is recommended, paying attention to the selling pressure around 3080-3100 above, as well as the bottom rebound opportunities in the lower fluctuation range. #DOGE看涨情绪飙升 #BinanceLabs投资BIOProtocol #Solana涨势分析
I am bearish; if you currently don't know how to position yourself, feel free to reach out to me for discussion!