In the four-hour trading period, the price has fallen for three consecutive bearish candles and has also broken below the lower Bollinger Band, making the market seem weak at first glance.
However, technical indicators provide positive signals. The MACD energy bars are shrinking, but both lines remain steadily above the zero line, indicating that the market is still dominated by bulls.
The stochastic indicator has formed a low-level golden cross in the oversold zone and has been moving upward, and the RSI indicator has also started to rebound from below 30, suggesting that the strength of the market's short-term rebound is increasing.
Based on this, it is recommended to buy on dips during the day. You can refer to the support levels formed by the lower Bollinger Band and the overnight low to find buying opportunities. However, be aware of the pressure from the middle Bollinger Band above; if the price can break through, the upward trend may continue; if it cannot break through, buying should be approached with caution.
Bitcoin: 101000-101500 range, target 103000
Ethereum: 2400-2420 range, target 2500
Market conditions change rapidly, and the above suggestions are for reference only. Specific actions should depend on the actual situation!
