Morning Analysis
Currently, both bulls and bears are in a tug-of-war in the market, with prices fluctuating sideways within the Bollinger Bands. This morning, there was an attempt to push upward, but it did not break through the key resistance level, and the short-term trend has started to enter an adjustment phase.
However, there is also good news. Looking at the 1-hour chart, the lows are gradually rising, indicating a positive signal. Although the bears have made some efforts to push the price down during the session, the extent of the pullback is not significant and remains within a controllable range.
Looking at the technical indicators, the KDJ has formed a golden cross and is moving upwards, the green MACD bars are gradually shortening, and the fast and slow lines are starting to stick together below the zero axis with an upward turning trend. All of these indicate that the buying strength in the market is slowly accumulating.
Therefore, it is suggested that you wait for a price pullback before buying:
• For Bitcoin, you can buy in several times in the range of 113000 to 113500, aiming for a target of 115000 to 115500.
• For Ethereum, you can buy when it pulls back to the range of 3540 to 3560, with an initial target near 3650.