Ahang's Morning Thought Analysis
From the four-hour chart, the market still maintains a fluctuating upward structure, with bullish strength continuing to dominate. However, previous key resistance levels act like a roadblock, strongly suppressing the currency price and causing it to enter a reasonable correction range. This is a necessary part of the market's healthy operation, helping to relieve profit-taking pressure and allowing bullish strength to accumulate again. After a brief spike in price, the market is likely to resume its upward trend. However, short-term fundamental news, such as policy regulations and major industry events, may have a strong impact and should be closely monitored.
Four-hour support and trend: Despite the pressure, the fluctuating upward structure remains solid, and the correction is a minor interlude in the upward process. The market is expected to regain its upward momentum after the correction, with the bullish dominance unchanged. Hourly support is clear: on the hourly chart, the currency price stopped falling after descending to near the middle track, with significant support from the middle track. Reversal signals from technical indicators, such as MACD golden cross and KDJ turning upwards, will provide support space for the currency price below, and the likelihood of a deep decline is low, offering opportunities for low long positions.
Ahang's Recommendations
For Bitcoin, buy around 106000-106500, target 107000-107500.
For Ethereum, watch around 2530-2510, target 2570-2600.