Bitcoin is attempting to break through 105k, while Ethereum is still fluctuating within the range of 2300 to 2500. The market seems to be building momentum, preparing for the next wave of market movement! 🎉
🎯 Bitcoin (BTC): Fluctuating breakthrough, targeting 105k
• Recent trends
BTC has shown strong breakout momentum in its recent movements. From the H4 (4-hour) perspective, BTC has consecutively broken through several key resistance levels and is currently attempting to break through 105k. This breakout momentum indicates that market sentiment is shifting toward bullish, and BTC is expected to continue upward.
• Technical analysis
The daily level of BTC shows MACD bullish momentum, and the four-hour MACD also indicates a bullish trend. This suggests that both the short-term and mid-term trends for BTC are relatively optimistic. If BTC can successfully break through 105k, the next target may be at higher price levels.
💡 Ethereum (ETH): Fluctuating within the range of 2300 to 2500
• Recent trends
ETH is currently fluctuating within the range of 2300 to 2500. Although ETH has recently attempted to break through 2500, it has not yet succeeded in breaking this critical resistance level. There is some divergence in the market regarding ETH's trend, but overall, ETH is still fluctuating within the range.
• Technical analysis
The daily level of ETH shows MACD bullish contraction, and the four-hour MACD also indicates a bullish trend. This suggests that the short-term trend for ETH is relatively optimistic, but the bullish strength is relatively weak. ETH needs to break through the critical resistance level of 2500 to open up further upward potential.
📊 Trading strategy
• BTC: Buy on dips
If you hold BTC, it is advisable to buy on dips when the price pulls back to key support levels. The current key support level is around 97000. If the price successfully breaks through 105k, you may consider increasing your position, targeting higher price levels. However, if the price falls below 97000, it is advisable to cut losses promptly.
• ETH: Focus on range breakout
For ETH, it is recommended to pay attention to the breakout situation in the range of 2300 to 2500. If ETH can successfully break through 2500, consider increasing your position, aiming for higher price levels. However, if the price falls below 2300, it is advisable to cut losses promptly.
💬 What are everyone's views?
Brothers, what do you think about the recent movements of Bitcoin and Ethereum? Do you think the market will continue to rise, or do you believe a correction may occur at any moment? Let's see in the comments! 👇👇👇
⚠️ Risk warning
The investment market is unpredictable, and the above opinions are merely personal analyses and do not constitute any investment advice. BTC and ETH exhibit significant price volatility, and market risks cannot be ignored. Please act cautiously based on your own risk tolerance, and do not blindly follow trends. Investment requires caution; preserving your capital is the key!
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Thanks to this wave of crazy growth, my public account assets have reached a new high. Interested friends can check the 'TA's Trades' below my homepage avatar.
😂 What if I'm wrong?
If Bitcoin and Ethereum ultimately do not continue to rise but instead show a correction, I can only say that the market is always full of uncertainty! However, from the current trends, their support levels are very strong. As long as these support levels hold, we have a chance! Brothers, let's wait and see what surprises the market will bring us! 👇👇👇
