Afternoon Thoughts

On the daily chart, the candlestick once again closed positively, with the Bollinger Bands showing a continuous opening and extending upwards, indicating that the market's volatility range is expanding and the trend is upward. The MACD moving average has turned from flat to rising, and the bullish volume bars have increased again, showing that bullish strength is strengthening. The KDJ indicator line is also rising synchronously, which means that there is sufficient upward momentum in the market in the short term.

From the 4-hour chart perspective, the Bollinger Bands are gradually opening and operating in a mode of expansion. After experiencing sideways consolidation, the market has successfully accumulated strength and broken through a key range upwards. At this time, the MACD moving average is running upwards, bullish volume is gradually increasing, and the KDJ line is also turning upwards, further confirming the formation of a short-term upward trend.

In summary, the current market trend is showing a strong bullish momentum. Bitcoin is gradually climbing upwards through a process of fluctuations in price, while Ethereum is showing sideways movement instead of a downward adjustment. Its price fluctuations are relatively mild, but overall it is still within a bullish market structure. Based on this market analysis, the subsequent operational strategy is recommended to focus on buying on dips. It is expected that Ethereum will likely follow Bitcoin’s trend in the future, breaking through the current sideways range and starting an upward price trajectory.

For afternoon Bitcoin: Look around 96600-96300, aiming for 97500-97800.

For afternoon Ethereum: Look around 3100-3080, aiming for 3130-3150.