Hello everyone, let's talk about the market $BTC $ETH
Recently, the price of Bitcoin has shown a fluctuating upward trend on the 4-hour chart, with highs and lows gradually rising, forming an upward channel.
On the 1-hour chart, a short-term consolidation pattern has appeared.
From the MACD, we can see that both DIF and DEA are in the positive zone, the histogram has decreased, and the upward momentum has weakened. The RSI is approaching overbought but has not entered, indicating that the market is currently undergoing a slight correction, with further upward potential.
Currently, Bitcoin is forming a triangular converging pattern on the 15-minute chart, with support for the bulls in the 93000-91700 range. A pullback to this range can be an opportunity to go long, with resistance still at the 95 mark. A breakout will test the 9.6-10w range.
For Ethereum, currently, we are focusing on a breakthrough and stabilization at 1810, which will aim for 1900. The current pullback focus is around 1774, where we can position for a low long, as there is still upward potential.
Bitcoin is currently in a critical window where the "golden correlation cycle" and the "halving effect" overlap. Short-term fluctuations do not change the long-term upward trend. Investors need to closely watch for a breakout signal at 95,000, while also guarding against black swan events. As analysts say: "History does not repeat itself, but it often rhymes." Maintaining rationality amid uncertainty is key to capturing the next round of profits in the crypto market.
