$ETH Last night during the live broadcast in the square, we talked about ETH. This coin had already crossed above zero on the 15-30 minute MACD while BTC was still fluctuating below zero in the 30-minute MACD. It can be understood as less pullback and greater upward movement. In fact, in-depth analysis of key indicators shows that the 30-minute KDJ is changing along with the MACD.
BTC is supported by the double EMA on the 1-hour chart, while ETH has already found support on the double EMA in the 30-minute chart. This shows ETH's strength.
Currently, the BTC trend has secretly formed an advantage akin to a dragon emerging from the sea again. From the hourly trading volume, we can see that both long and short positions have decreased, and in recent days, the short energy has been released too much, yet the market has not significantly declined.
The market is highly likely to continue rising, leading to another wave of upward movement. As for concerns about whether major news will cause a reversal, any reversal will be reflected in the indicators. Generally, the 30-minute indicators combined with the hourly indicators can provide analysis.
This year's market is different from previous years, with more frequent sudden changes. Everyone should still focus on the information provided by real-time short-term indicators. Keep it up!
