From the analysis of the 4-hour technical patterns, both BTC and ETH are currently showing a fluctuating consolidation pattern, with prices oscillating narrowly around the middle Bollinger Band, and the market direction is not yet clear. Technical indicators show that the battle between bulls and bears is becoming tense: the KDJ indicator has initially formed a golden cross, signaling a short-term rebound, but the angle of the cross is flat, suggesting limited momentum; the RSI indicator is in the 55-60 range, with bulls holding a slight advantage, but there is still room before reaching the overbought area; the MACD indicator, while maintaining operation below the zero axis, shows that the green bars are continuously shortening, reflecting that the dominant force of bears is weakening.
@walletconnect In terms of key technical levels, the middle and lower Bollinger Bands form a strong support zone, while the upper band and previous high areas create major resistance levels. In the short term, there is a possibility for prices to test the upper Bollinger Band, but the medium-term trend still depends on whether it can effectively break through the previous high pressure or hold the middle band support. It is recommended to adopt a range trading strategy to seize high sell and low buy opportunities. $WCT #WalletConnect