5.3 Market Analysis:
The evening market has welcomed a wave of intense volatility, with Bitcoin encountering resistance after hitting a high of $97,571, currently retracting to around $96,507 for consolidation. Meanwhile, Ethereum also experienced a rollercoaster market, reaching a peak of $1,871 before quickly retreating to the support level of $1,830. From a technical perspective, the current market overall still maintains a healthy upward trend, with the 4-hour candlestick chart steadily climbing along the Bollinger Bands, each pullback receiving strong support near the middle band. This step-like upward rhythm demonstrates the strong control of the bulls.
Although the MACD indicator shows a slight bearish divergence signal, the fast and slow lines remain firmly above the zero axis, indicating that the market's buying momentum is still robust. I think today presents an opportunity for a dip buy, with Bitcoin looking to enter long positions in the $96,000 to $96,500 range, aiming for the $97,500 resistance level. Ethereum is even more favorable, with any price below $1,820 being a bargain opportunity, and the target space at $1,900 being larger. Remember not to chase highs; wait for a pullback before taking action.
The market is continuously changing, and we are closely monitoring it to seize new entry opportunities. Like + comment, let's navigate this bull market together and seize this major opportunity.