Market Sentiment:
Chart Analysis:
Bitcoin (BTC):
The 1-hour chart structure of Bitcoin (BTC) has formed a straight line. Currently, there is no clear direction, and the MACD has retraced to the 0 axis. Personally, I am looking to see if a bullish divergence can form on the 1-hour chart. If a bullish divergence occurs, there may be an opportunity for a rebound on the 1-hour chart. The weekend has seen minimal volatility, so at this stage, we can only patiently wait for the market.
The 15-minute chart structure of Bitcoin (BTC) is still within a period of consolidation. There is no clear direction within this consolidation, and the market has returned to low volatility oscillation. It is difficult to participate, so it is best to observe more and act less, and wait for the market's direction to follow. It is likely that the market will continue to exhibit a low-volatility oscillation trend until there is a change in the macro environment.
Ethereum (ETH):
The 1-hour chart structure of Ethereum (ETH) shows a similar trend to Bitcoin (BTC). The MACD on the 1-hour chart has retraced to near the 0 axis, and it remains to be seen if the third downward movement on the 1-hour chart will occur. If it does, a bullish divergence could present a good entry opportunity. However, in the short term, it is unlikely as there is not enough capital to drive the market, and the market remains calm.
Trading Strategy:
Exercise caution in investment, and this article should not be used as a basis for trading decisions.
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