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From an hourly level technical analysis of Bitcoin's trend:
BOLL indicator: The price is operating near the upper band, the Bollinger Bands are expanding, indicating strong bullish momentum, and the upward space may further open up.
KDJ indicator: K, D, and J values are all in the overbought zone above 80, and the J line is diverging upwards, indicating dominance by the bulls and sufficient short-term upward momentum.
- MACD indicator: The DIF value is higher than the DEA value, the MACD value is positive, and the red bars are expanding above the zero axis, meaning bullish energy continues to accumulate and the upward trend strengthens.
Conclusion: The resonance of various indicators releases bullish signals, and there is a high probability of continuing the upward trend in the short term, but caution is needed for the pullback risk triggered by overbought conditions.
The trading strategy is still to buy on dips:
Bitcoin: Buy near 98500-99000, target 100500.
Ethereum: Buy near 1890-1920, target 2000.
