May 8, 2025 BTC/ETH Market Indicator Analysis BTC Moving Average System: EMA7 and EMA50 provide short-term support, the 4-hour chart forms an ascending channel, but the EMA120 divergence ratio is relatively high, mid-term caution is needed for pullback risk. The 4-hour MACD golden cross is initially appearing but the momentum bars are contracting, RSI (54.41) is neutral to strong, and the Bollinger Bands narrowing indicates an impending change in trend.
The ETH 4-hour chart EMA cluster (20/50/100/200-day moving averages) forms a golden cross, but the resistance above has not been broken, and a breakthrough is needed to confirm the reversal. Daily RSI (58) is neutral to strong, while the 4-hour RSI has dropped to 45, indicating insufficient short-term rebound momentum. The daily level golden cross is on reduced volume, and the 4-hour level red bars are shortening but have not formed a dead cross, caution is needed for false breakout risks.
