#Thursday Afternoon Bitcoin Ethereum Analysis

Looking back at the afternoon thoughts shared by Old Wang regarding the strategy to enter long positions on dips, the current market has perfectly fulfilled that expectation. When Old Wang posted on various platforms, the market was experiencing a slow downward trend, allowing friends who saw his post to have the opportunity to enter. In the afternoon, the price fell to 107467, and after hitting the resistance level, it began to rise towards a peak of 108044. Ethereum, after reaching a high of 2520, started a technical correction, oscillating in the range of 2470-2500.

From the current market perspective, the technical indicators on the 4-hour chart still maintain a bullish upward direction, but the green momentum bars are continuously decreasing. However, the candlestick pattern shows a "bottoming tail," indicating that the support level in the short term is still confirmed. On the 12-hour chart, the MACD shows a death cross at the zero axis, but the green momentum bars continue to expand. This warns us to be mindful of a potential trend reversal. Currently, Ethereum's MACD indicator has shown a death cross above the zero axis, and the RSI index is also above 60, indicating that bullish forces dominate the market.

The key takeaway from the above technical analysis is that the overall market trend is upward, but caution should be exercised regarding a possible trend reversal in the short term, with a focus on changes in resistance and support levels. Bitcoin needs to pay attention to whether this bullish momentum can break through the short-term resistance level of 108500, while Ethereum should watch the resistance level of 2550 above and the support level of 2450 below.

Operational Suggestions:

Bitcoin long in the range of 107000-107500, targeting around 108500

Ethereum long in the range of 2430-2460, targeting around 2550 #香港加密概念股 $BTC