Is a stunning rebound imminent? The breakout potential of Bitcoin and Ethereum after a period of consolidation!

Bitcoin Analysis:

Bitcoin is currently consolidating at a high level, and the short-term adjustment seems to be nearing its end, with the potential for a second upward move. In terms of operations, it is recommended to enter long positions on dips during the pullback.

The 4-hour chart shows that Bitcoin is undergoing a technical pullback, and it is advisable to avoid chasing highs in the short term. The key support range is $92,825–$91,650; if it falls below $91,650, it may further decline to $89,300–$87,000.

The resistance level above is at $95,700, and only a breakout above this level can confirm upward momentum. If it cannot effectively break through, it is advisable to wait and observe in the short term.

Ethereum Analysis:

Ethereum continues to maintain a strong bullish trend, with strong support in the short term. The 4-hour chart shows that the consolidation phase has not yet ended, so patience is needed to wait for market confirmation.

The support range is $1,735–$1,720; as long as this range holds, the overall upward trend will continue. The resistance levels above are $1,858, $1,890, and $1,950.

If it falls below the support at $1,720, a short-term acceleration in pullback may occur, with further support at $1,683, $1,630, and it may even test $1,600.

Summary:

Bitcoin and Ethereum are experiencing short-term consolidation; it is recommended to focus on defending the support range, enter long positions on dips, and patiently wait for the next breakout.