Notification.
The 2-day line has been completed today. The 2-day moving average MA5 has come up. However, it is not sufficient to be considered support.
At the daily level, it is still diverging.
Generally, to digest a divergence, either the consolidation must last long enough or there must be a violent pull or crash.
Now the daily line is at a turning point.
If it breaks above 108000 and holds, it can lead to a one-sided bullish market.
Currently, looking at the formation, this divergence is still quite serious. There is a significant gap in K-line prices, and the MACD energy difference is also considerable.
The time left for bulls is not much. This turning point cannot change upwards; it must come down.
Ethereum is currently facing a 4-hour level challenge, driving the daily level. Just synchronize with Bitcoin's operations.
Overall, it looks like a stage of mutual cursing between bulls and bears. The village chief temporarily stands with the bears because he didn't rally when Trump called for a trade. It's still lacking strength!