Early Morning Thoughts:
From the current market situation, a technical analysis indicates that the MACD indicator for Bitcoin has released a rebound signal in the short term, which is often a key sign of a change in market momentum, suggesting that the subsequent market trend is likely to gradually warm up. Additionally, the EMA short-term moving averages have formed a bullish crossover, which often significantly enhances the upward momentum in the short term, providing strong support for price increases.
On the four-hour level, after experiencing two consecutive bearish candles, the market quickly began to rebound after touching the lower Bollinger Band. This clearly indicates that the support strength of the lower Bollinger Band is quite strong; although the downward pressure has been released, it is insufficient to push the price to break downward continuously. The lower Bollinger Band is an important defense line for Bitcoin; as long as this key position is not broken, we have reason to expect a rebound, gradually reclaiming lost ground.
Based on the above analysis, we are optimistic about a retracement and a second upward test for Bitcoin early in the morning!
Bitcoin: Range of 102200-102700, target 104500
Ethereum: Range of 2460-2480, target 2550
The market changes rapidly; the above suggestions are for reference only, and specific operations should be based on actual conditions!
