Bitcoin Ethereum Market Analysis: Intensifying Bull-Bear Struggle, Key Levels Determine Victory and Defeat
Bitcoin (BTC) Market Analysis
Daily Level:
Yesterday, the price rebounded from a low of $101,050 to a high of $105,300, closing at $104,250, forming a bullish candlestick.
Support and Resistance: The key support is at $103,600; if it breaks, look for $102,650, where you can consider going long in this range. The upper resistance is MA30 (approximately $105,800); after breaking through, the target is $107,250. If it rebounds to the resistance level, you can try a short position.
Technical Indicators: MACD bearish energy is decreasing, indicating a weakening of short-term bearish strength.
Four-Hour Level:
The lower support is MA14 (approximately $103,800); if it breaks, look towards $102,700, where you can consider going long on a pullback to support.
The upper resistance is $105,800; after breaking through, look towards MA90 (approximately $106,500). If it rebounds to the resistance level, you can set up a short position.
Technical Indicators: A golden cross is forming in MACD, indicating an increase in bullish energy.
Ethereum (ETH) Market Analysis Daily Level:
The price rose from a low of $2,380 to a high of $2,530, closing at $2,475, showing strong rebound momentum.
Support and Resistance: The key support is at $2,450; if it breaks, it will dip to $2,420, where you can consider going long on a pullback. The upper resistance is MA30 (approximately $2,510); after breaking through, the target is MA200 (approximately $2,580). If it rebounds to the resistance level, you can go short.
Technical Indicators: MACD bearish energy is still increasing, but the rate is slowing down.
Four-Hour Level:
The lower support is MA200 (approximately $2,440); if it breaks, look towards $2,390, where you can consider going long on a pullback to support.
The upper resistance is MA14 (approximately $2,500); after breaking through, look towards MA30 (approximately $2,530). If it rebounds to the resistance level, you can try a short position.
Technical Indicators: MACD bearish energy is decreasing, with early signs of a golden cross, indicating that the bull-bear struggle is entering a critical phase.
Operational Strategy Recommendations:
Bitcoin: Focus on the $103,600-$105,800 range in the short term. If the support level stabilizes, go long; if the resistance level stagnates, go short, and follow the trend after a breakout.
Ethereum: Pay close attention to the $2,450-$2,510 range. Be cautious of break risk when going long at the support level; monitor volume changes when shorting at the resistance level.
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