Analyst Liang Qiu: 6.4 Bitcoin/Ethereum Early Morning Market Analysis
Bitcoin/Ethereum currently shows an overall strengthening trend, but there have been multiple instances of highs followed by clear pullbacks, with the market continuing to oscillate at high levels after last night's surge. The upward momentum appears insufficient, and there is a risk of a pullback in the early morning. In the 4-hour chart of Bitcoin, the RSI indicator is in the neutral area around 55, the MACD indicator shows a golden cross with increasing histogram volume, and the Bollinger Bands are expanding, with the price running above the midline, indicating a possible continuation upwards in the near term. The K-line pattern shows a rising bottom with consecutive bullish candles, but during the surge, it is approaching previous resistance levels.
In terms of Ethereum's technical indicators, although it is below the resistance level of $2800 on the daily chart, a rising channel is forming on the 4-hour chart. The RSI indicator hovers around 62, indicating that bullish momentum has weakened compared to the initial rebound, and a bearish divergence may occur. Overall, both Bitcoin and Ethereum are currently in an upward trend, but they face some resistance tests in the short term, and it is necessary to pay attention to whether they can break through key resistance levels to open new upward space, while being alert to potential pullback risks.
The early morning operation suggestion is to hold onto the rise: BTC near 106500 to 107000, target around 104500; ETH near 2630 to 2650, target around 2550, with stop-loss at 107800 and 2690.
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