In the early hours of today, mainstream cryptocurrency assets exhibited a volatile upward trend. Bitcoin briefly touched the area above 107,000 before facing pressure and falling back, while in the morning it gathered strength to challenge this key area.
Ethereum dipped below 2,450 during the night but achieved a technical rebound, rising to fluctuate in the 2,500-2,550 range during the early session. From a technical perspective:
1️⃣ Bitcoin Daily Level
• Currently in a high-level consolidation phase, with the candlestick pattern indicating intensified bullish-bearish contention
• The Bollinger Bands are narrowing, indicating a decrease in short-term volatility, but the EMA moving averages are still in a bullish arrangement
• The four-hour RSI indicator shows overbought pressure, requiring attention to volume changes
2️⃣ Ethereum's Linked Recovery
• The hourly chart shows a stepwise rebound, with the MACD golden cross maintained but momentum waning
• There is significant technical resistance in the 2,580-2,650 range, and a breakthrough requires volume support
Against the backdrop of intensified bullish-bearish contention in the market, some analysts believe there is a demand for a pullback in the short term, and attention should be paid to the performance of the support area below. Other views emphasize the effectiveness of the EMA dynamic support, suggesting to watch for breakthrough opportunities. In operations, it is essential to manage risks and adjust strategies based on real-time fluctuations.
