The Bitcoin moving average shows a bullish alignment and a golden cross forming a bullish resonance, with the price operating above the moving average, enhancing momentum. The extreme contraction in trading volume has led to a divergence between price and volume, indicating that the upward momentum may be weak. The three consecutive bullish candles and moving average signals point to a bullish reversal, but a breakout above the resistance level of 115734.2 is needed to confirm the continuation of the trend.
Currently, the BTC market presents a neutral consolidation pattern, with technical indicators showing that the price is in an upward trend, but the extreme contraction in trading volume has created a divergence between price and volume, weakening the sustainability of the upward momentum. The bullish alignment of the moving average system and the golden cross provide bullish resonance signals, but the price needs to break through the strong resistance level of 115734.2 to confirm the continuation of the trend. Meanwhile, the external environment appears neutral, with market sentiment showing no obvious bias, limited macro pressure, and mixed news, which has not formed a clear directional drive.
Bitcoin range 116,000-115,000, looking around 113,700 to 113,000.
Ethereum range 3700-3650, looking around 3480-3500.
