The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; failing to understand trends is the biggest risk.
The current price of Bitcoin is around $114,400, situated in the middle of the upward channel since April. Recently, after a pullback from the high of $123,800, it has stabilized above $111,950, not damaging the long-term bullish structure. On-chain data shows that 351,000 Bitcoins have changed hands between $112,000 and $114,000, solidifying the bottom support; however, $117,000-$118,000 is a key resistance level, and a pullback may occur before breaking through.
From a technical perspective, the recent upper resistance levels are at $115,200 (EMA cluster) and $116,500 (Fibonacci R3), forming strong pressure, and a breakout requires increased volume. The lower support levels are at $112,800 (liquidity dense area) and $111,950 (bull-bear dividing line); if these are lost, a test of $110,000 may occur. In the short term, it remains in a consolidation pattern, with the 4-hour chart showing a slight expansion after the Bollinger Bands narrowed, MACD momentum is weak, and RSI is neutral (41.82), requiring attention to breakout or pullback signals.
Long position operation range suggestion: If it stabilizes around $112,500-$112,800, you can enter a long position with a stop loss at $111,900. Target $114,500-$115,200.
Short position operation range suggestion: If it faces pressure around $115,200-$115,500, you can enter a short position with a stop loss at $116,500, targeting $113,500-$114,000.
Ethereum's current price fluctuates in the range of $3,550-$3,700, with the current price around $3,650, forming a symmetrical triangle on the 4-hour chart (vertex at $3,700, support at $3,530), approaching the critical point for a breakout.
From a technical perspective, the first upper resistance level is at $3,700 (triangle upper track) and $3,800 (previous high). If the price breaks through $3,700 and stabilizes, it will open up upward space. The first lower resistance level is at $3,580, and the second is at $3,450. If it breaks below the support at $3,550, it may retest $3,400. Technical indicators show that the 4-hour Bollinger Bands narrowing indicates increased volatility, MACD is directionless, and RSI is neutral, waiting for a catalyst.
Long position operation range suggestion: If it stabilizes around $3,580, you can enter a long position, targeting $3,700, with a stop loss at $3,530.
Short position operation range suggestion: If it faces pressure around $3,650, you can enter a short position, targeting $3,520, with a stop loss at $3,700.
If it breaks through $3,700 with volume, it can be bullish up to $3,800; if it loses $3,530, it may drop to $3,350. If BTC breaks $115,200 or ETH stands above $3,700, you can increase your position; conversely, if it breaks key support, then observe from the sidelines.
The current market is at a watershed between "short-term pain" and "long-term value reconstruction." It is recommended to focus on a high short and low long swing strategy, prioritizing relatively strong opportunities in ETH, while closely monitoring policy and capital flow turning points.
Due to the timeliness of price points, there may be delays in post reviews; specific operations should still be based on real-time market conditions. The above operational range analysis is for reference only; the cryptocurrency market is highly risky, so please manage your risk and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.
Warm reminder: The content of the above article is original by the author, and the advertisements at the end of the article and in the comments section are unrelated to the author; please be cautious!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
