BTC and ETH are boosted by news of Trump postponing military decisions regarding Iran, experiencing a short-term surge. The current price has reached the resistance levels of the 4-hour upper band and the daily middle band, so caution is advised when chasing higher prices.
BTC and ETH have entered the top area on the 4-hour SKDJ indicator, showing overbought signals, and the momentum for continued upward movement is insufficient, suggesting that the recent rise may only be a prelude to an increase. The market may first clear the shorts near the daily middle band (around 106,000 points) before starting to initiate after clearing the longs; there is a possibility of a pullback to the middle band or a downward spike to new lows at the 4-hour level.
From the daily perspective, the third wave down has not yet completed, and significant volatility spikes may occur within the next two days. If BTC and ETH confirm an upward breakout, the daily chart must effectively stay above the middle band to confirm a trend reversal. Pay attention to tomorrow morning's daily closing situation; regardless of how it closes, it is highly likely that upward movement will begin tomorrow.
Currently, the price has been consolidating below the middle band for 8 days, and an upward breakout may start after a spike tonight or tomorrow, or after a slight pullback to the 4-hour middle or lower band before rising directly.
On a smaller time frame, observe the 4-hour and daily SKDJ indicators forming a golden cross at low levels, or a spike after a drop in the third wave low on the daily chart, both of which could signal a trend change.
Additionally, news related to Trump has a significant impact on market sentiment: bearish news may trigger a spike in the third wave correction, while bullish news could directly drive the market up. The overall market shows a poised state, and it is essential to closely monitor changes at key nodes!
