5.4 Initial Evening Thought Analysis

After the wind and rain, the rainbow finally appears. May every investor seize opportunities amid fluctuations and reap growth through perseverance! Although the current market shows a weak downward trend, each pullback might be a chance for a powerful breakthrough! As historical data indicates, the resilience of Bitcoin and Ethereum often manifests at key support levels—the contraction of the Bollinger Bands and the repair signals from MACD suggest that the battle between bulls and bears is about to turn.

The market trend is weak, with prices showing a downward fluctuation throughout the day. In the morning, Bitcoin started to decline around the 96200 level, dipping to a low of 95200, while Ethereum continues to fluctuate within the range.

From the current technical perspective, although Bitcoin's price shows a weak fluctuation pattern, several key indicators have released potential bottoming signals. The ongoing contraction of the Bollinger Bands indicates that market volatility is significantly decreasing, which is often a precursor to a trend reversal. The MACD indicator shows signs of a golden cross after flattening below the zero axis, with the gap between the fast and slow lines gradually narrowing, indicating that bearish momentum is weakening.

If the price can effectively break through the downward trend line resistance at 96200 on the 4-hour chart, the outlook for the evening remains bullish.

Bitcoin: Buy around 95300 with a short-term target of 97000

Ethereum: Buy around 1820 with a short-term target of 1880