During the early morning hours, mainstream cryptocurrencies overall fluctuated upward, with Bitcoin briefly breaking above 107,000 before facing pressure and retreating, and attempting to attack this key level again in the early session. Ethereum dipped to 2,450 overnight and then technically rebounded, rising back to the 2,500-2,550 range for consolidation in the early session. From a technical perspective:
1️⃣ Bitcoin Daily Pattern
• Currently in a high-level consolidation period, the candlestick pattern shows fierce competition between bulls and bears
• The narrowing of the Bollinger Bands indicates a reduction in short-term volatility, but the EMA moving average system remains in a bullish arrangement
• The four-hour RSI indicator has entered the overbought area, requiring close monitoring of volume changes
2️⃣ Altcoin Linkage Repair
• The hourly chart shows a step-like rebound, the MACD golden cross signal is still present, but upward momentum is weakening
• There is concentrated technical selling pressure in the 2,580-2,650 region, and a breakthrough requires volume support
Current market divergence between bulls and bears is increasing, with two viewpoints among technical analysts: some believe there is a need for a short-term pullback and suggest observing the performance of the support area below; others emphasize the effectiveness of EMA dynamic support, highlighting the need to pay attention to breakout opportunities.
