April 29, 2025 BTC/ETH Market Analysis

BTC is fluctuating in the range of 93300-95700, with the 4-hour moving averages showing a bullish arrangement, but the price has not broken through the previous high of 96000, indicating insufficient short-term momentum.

RSI: The daily RSI is 69.10, close to the overbought zone; the 4-hour RSI quickly dropped from 70 to 54.83, indicating a short-term divergence.

Bollinger Bands: The 4-hour Bollinger Bands are narrowing, and the price is near the middle band. If it breaks through the upper band, it will open up upward space; otherwise, it may test the 93000 support.

ETH is fluctuating in the range of 1742-1828, with the daily RSI around 55, in the neutral zone, indicating insufficient rebound momentum.

Bollinger Bands: The price is below the middle band of the Bollinger Bands. If it breaks through the middle band, it may test 1850; otherwise, caution is needed for a pullback to the 1700 support.

Double Bottom: After two downward tests to 1742 in the morning, a rebound occurred, forming a double bottom structure, but it needs to break through 1830.

Operational Suggestions:

BTC:

ETH:

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👉 The above analysis is based on public data, personal opinions are for reference only, the market has risks, and investment should be cautious!