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