Bitcoin Ethereum Technical Analysis Suggestions ————
Bitcoin Daily Chart shows that the market continues to maintain high volatility above the short-term moving average, with the Bollinger Bands open and moving averages trending upwards. The MACD fast and slow lines are also trending upwards with signs of a turning point, volume bars are decreasing, and the KDJ is crossing back and forth above the 80 level. Attention is needed near the resistance around the 100 level. The VR indicator is consolidating around the 150 level. On the 4-hour chart, the candlestick pattern alternates between bullish and bearish within a range, currently facing resistance at the upper band. The Bollinger Bands are narrowing, and the short-term moving averages are oscillating around the middle band showing signs of a potential reversal. The MACD fast and slow lines are maintaining a downward trend with signs of a turning point but not strong enough. The volume bars are slightly decreasing, and the KDJ is supported near the 50 level and trending upwards. Attention is needed for resistance below the 100 level. The VR indicator is consolidating around the 90 level. Overall, although this wave of upward movement did not have any significant pullbacks, the candlestick pattern is relatively strong. However, when the market breaks previous highs in the short term, caution is essential. The price action of Bitcoin rises amidst skepticism, making you want to wait for a pullback to buy more, but it does not give you that opportunity. Therefore, the more this situation persists, the more cautious you should be. If the strong upward movement continues without a pullback, there will be an epic washout in the future. For short-term trades, focus on breaking previous highs, and pay attention to support around 87500.
Bitcoin Short-term Suggestions: Sell at 94500, Buy at 88000 (activate strategy and manage profits on your own)
Ethereum Short-term Suggestions: Sell at 3280, Buy at 2978 (activate strategy and manage profits on your own)$BTC
