From the current market perspective, the daily level shows consecutive bullish candles for several days, with prices rapidly rising from around 3000 to above 3170, forming a clear upward trend. The hourly level has seen recent highs continuously rising, with lows also gradually moving up, presenting a typical oscillating upward trend.
The MACD histogram has continued to decrease in volume after turning from negative to positive and is currently hovering near the zero axis, indicating weakening momentum but still leaning towards bullish; the daily MACD fast and slow lines are widening, showing strong bullish momentum. The RSI value is 66.39, approaching the overbought zone but not fully entering the extreme area; the daily RSI is 67.06, indicating that market sentiment is leaning towards optimism, with potential short-term pullback pressure. The EMA7, 30, and 120 moving averages are in a bullish arrangement, with prices consistently running above EMA7, indicating strong short-term support; the daily EMA moving average system also shows a bullish arrangement, with EMA7 and EMA30 providing good support for prices. The weekly and daily trends continue upwards; the 4-hour level has risen beyond expectations; the 1-hour level is likely to experience a consolidation after a rebound; the 15-minute level remains bullish after a pullback.
Bitcoin: Long at 118000-117000, target near 120000
Ethereum: Long at 3150-3130, target 3200-3230