BTC, ETH Market Analysis

The day before yesterday, BTC and ETH rebounded from the bottom, with a strong V-shaped reversal on the 4-hour K-line. Currently, the pullback is replaced by consolidation instead of a decline, indicating that bullish strength remains strong. The short-term suggestion is to avoid shorting and wait for a stable bottom to buy more safely!

BTC Analysis:

This morning, the daily line closed above the middle track of 105500, and the trend is strengthening, about to break through the downward channel. The MACD golden cross is imminent, and a large bullish candle may appear in the next two days, with greater space ahead! On the 4-hour chart, the upward movement has just completed the first wave, and the second wave pullback may lightly touch the 4-hour middle track. Overall, the rebound remains the main focus. Key support is at 103500-105500, and if it stabilizes above the daily middle track, it may accelerate upward.

ETH Analysis:

ETH's pullback is deeper compared to BTC. After quickly recovering from the previous 40-day consolidation zone breakdown, the bullish washout has been completed, and the upward momentum in the future may exceed expectations! Currently, on the 4-hour chart, it is consolidating instead of declining, at the starting point of the third upward wave. If it stabilizes above the daily middle track of 2530, it is expected to accelerate. The second wave pullback may touch the lower edge of the 2380-2400 central zone or may sharply retrace to the 4-hour middle track of 2350, after which a breakout upwards is highly likely.

Summary:

BTC and ETH are currently in the 3rd to 5th wave upward movement on the 4-hour chart, with strong V-shaped reversal momentum. In the short term, avoid chasing shorts and focus on the support levels of 103500-105500 (BTC) and 2350-2400 (ETH). Once stabilization occurs, it will be a good time to buy the dip! After breaking through the daily middle track, accelerated movement can be expected, with greater opportunities still ahead!