After the weekly double-needle bottoming, the rebound prospects of Bitcoin prices are still uncertain, but the current signs of stabilization indicate that prices may find support at high levels. Overall, the weekly line will test support at 63,500. On the daily chart, the price support line has moved up to around 63,700, which makes the aggressive long position attempt on Monday clear. If MACD reverses after the short volume shrinks three times, the bullish force is expected to last for a long time.
On the short-term four-hour chart, there are signs of a high-level top divergence, indicating that there may be a retracement to support and repair the divergence. Therefore, it is currently recommended to pay close attention to the performance of the 64,300 support level. On the one-hour chart, the price remains in a volatile range between 64,300 and 65,300. The market has been in a wait-and-see mood for the past 24 hours, so there is a high risk of entering the market rashly.
Based on the above analysis, aggressive investors are advised to pay attention to the daily support level of 63,700 and arrange long positions; while conservative investors can set up short positions near the high level of 67,300.
Ethereum's weekly chart shows a double-needle bottoming pattern similar to Bitcoin, but there is no obvious support level below for reference. On the daily chart, the overall K-line is at the bottom, showing signs of bottoming out and wanting to rise. It is recommended to focus on the bottom support at 3090-3110. At the same time, the fast and slow lines of the MACD indicator show signs of a golden cross, providing a certain signal for price increases.
On the short-term four-hour chart, we need to pay attention to whether it can break through the previous high on the left side of 3250 to confirm the emergence of bullish energy. The bullish support level on the four-hour chart is at 3105. On the one-hour chart, as the boll band begins to narrow, strong pressure is formed near 3160. Even if the price breaks through, it may only remain in a volatile market.
Based on the above analysis, it is recommended to adopt an aggressive pullback long strategy, and you can also choose a stable rebound short strategy.
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