Market Sentiment:
Chart Analysis:
Bitcoin (BTC):
The structure of BTC on the 1-hour chart is currently showing a clear divergence, with the entry in yellow and the exit in green indicating a bearish state. It has already fallen back to the midpoint. If it can establish support at the previous oscillation level, it is estimated that it could make another upward move, although the strength of the upward movement may be limited. Therefore, it is still necessary to be cautious in the short term and consider the possibility of the end of the upward trend.
The structure of BTC on the 15-minute chart shows an upward movement followed by a direct fall back. Based on the MACD, it is currently undergoing a process of retracing to the 0 axis, followed by a continuation of the third downward movement on the 15-minute chart. Therefore, there may be a small upward movement in the short term, followed by a continuation of the third downward movement on the 15-minute chart.
Ethereum (ETH):
The structure of ETH on the 1-hour chart shows a similar trend to BTC, with a fall back to the midpoint. It is estimated that it will continue to maintain oscillation within the midpoint and then make a decision on the direction. Compared to BTC, ETH is relatively weaker, as most of the capital is currently concentrated in the leading cryptocurrencies. Therefore, ETH being relatively weaker is quite normal.
Trading Strategy:
Exercise caution when investing, as this article does not serve as a basis for trading decisions.
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