Breaking News! Bitcoin and Ethereum are about to experience a historic breakthrough!
Bitcoin Analysis:
Bitcoin is currently in a high-level consolidation, and the short-term adjustment may be nearing its end, showing great potential for a second upward push. In terms of operations, it is recommended to accumulate long positions on dips.
On the 4-hour chart, Bitcoin is undergoing a technical correction, and chasing highs should be avoided in the short term. The key support levels are between $92,825 and $91,650. If it falls below $91,650, it may decline to $89,300 to $87,000.
The primary resistance above is at $95,700, and a breakout above this level is needed to confirm an upward trend; if it does not break through, it is advisable to wait and see in the short term.
Ethereum Analysis:
Ethereum maintains a strong bullish trend with solid short-term support. The 4-hour chart shows that the consolidation phase has not yet ended, and patience is required for market confirmation.
The support range is between $1,735 and $1,720. As long as this range is maintained, the overall upward trend will continue. The pressure levels above are $1,858, $1,890, and $1,950, respectively.
If the support at $1,720 is broken, the short-term correction may intensify, with further support at $1,683, $1,630, and possibly testing $1,600.
Summary:
Bitcoin and Ethereum are undergoing short-term consolidation, and it is recommended to hold support, accumulate long positions on dips, and patiently wait for the next explosive breakthrough.