Coin Waves: 1.5 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and News Interpretation Today

Coin Waves: 1.5 Bitcoin (BTC) Market Analysis Reference:

Bitcoin overall maintains a fluctuating upward rhythm, gradually recovering recently relying on key support below. After a surge to around 91700 yesterday, it underwent a slight pullback, showing signs of bullish support. The price has entered a narrow range of high-level fluctuations today. Observing from the daily chart, the overall structure of the daily trend remains strong. The K-line has continuously closed with upward momentum, with the price warming back above the upper Bollinger band, indicating strong continuity. In the KDJ indicator, the J value of 103.38 has entered the overbought zone, while the K value of 75.14 and D value of 61.02 have formed a golden cross upwards, indicating that bullish momentum is still present but overbought correction pressure is evident; in the MACD indicator, the fast and slow lines maintain an upward trajectory approaching the zero axis, with volume support still in place. The RSI1 has reached 76.77, close to the overbought threshold, while RSI2 and RSI3 are 61.30 and 50.16 respectively, overall in a relatively strong range. In summary, although the price has broken through the upper Bollinger band and the bullish trend is clear, the overbought indicators suggest that in the short term, it is likely to first fluctuate around the upper Bollinger band to digest pressure, possibly gaining strength through a pullback before further upward breakthroughs.

From the short-term hourly chart analysis, the 4-hour Bollinger Bands show an extended upward trend. After a series of upward movements to around 91700, the price has retreated slightly. Currently, the coin price is below the upper Bollinger band, and the EMA short-term moving averages maintain a bullish arrangement, with the price standing above the moving averages, indicating that the medium-term bullish trend remains unchanged; the KDJ indicator shows three lines converging and in a high range, with signs of turning downwards, indicating short-term overbought correction pressure; in the MACD indicator, both DIF and DEA are positive, and the MACD histogram has narrowed, showing a decrease in bullish momentum; RSI1 has reached 70.13, close to the overbought threshold, overall in a strong but weakening upward state. In summary, although the price at the 4-hour level maintains a bullish trend, various indicators show insufficient short-term upward momentum. It is likely to first fluctuate between the upper Bollinger band and the short-term moving averages. If it stabilizes above the EMA20 short-term moving average after a pullback, it may again attempt to challenge the upper Bollinger band and previous highs; conversely, if it breaks below the moving average support, it may further test MEA120 for support. The daily operational suggestion is to focus on entering long positions on pullbacks at lower levels!

Coin Waves: 1.5 Bitcoin Short-term Reference:

Long Position: Buy in the range of 88500-89500, stop loss at 88000, target at 90500-91500-92500,

Short Position: Sell in the range of 92500-93500, defend at 94500, target at 91500-90500,

Coin Waves: 1.5 Ethereum Short-term Reference:

Long Position: Buy in the range of 3020-3050, defend at 2950, target at 3100-3150,

Short Position: Sell in the range of 3195-3225, defend at 3350, target at 3150-3100,

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article may have delays in review and publication, and the strategies may not be timely. Do not operate blindly!】

The content of this article is originally shared by Coin Waves, representing personal opinions only. The article may have delays in sending and is for reference only; do not operate blindly! If you want to get more daily real-time trades, then follow my public account! Here, you can engage in online technical learning and understand knowledge related to exiting positions. I have years of research experience in the market, focusing on the major trends in the cryptocurrency space. I am mainly responsible for analyzing and guiding investment operations for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Welcome to study and research together.

I hope everyone on their investment journey, regardless of how the market changes, can adhere to their principles, maintain rationality and calmness. Deeply understand the characteristics, risks, and return mechanisms of investment products, and do not let short-term market fluctuations sway your emotions. Be patient, avoid excessive greed and fear, and understand that wealth accumulation is a gradual process. Finally, I wish all fans and friends the ability to see opportunities in their investment journey, make every decision just right, and sail through the ocean of investment, reaping wealth and growth!!!

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。