The current market signals for $BTC are clear for both bulls and bears. After three consecutive bearish candles in the four-hour timeframe, a significant stop-loss signal has emerged. The pace of price decline is slowing, and the buying strength at lower levels is increasing. Signs of market recovery are gradually becoming apparent, with bearish momentum significantly diminishing. The MACD green bars are shortening near the zero line, KDJ has formed a bullish crossover at a low level and is diverging, and the RSI has rebounded from the oversold zone to around 50. Multiple indicators are releasing positive turning signals, indicating that the pullback after a short-term upward move is limited, not a trend reversal, but rather a normal technical correction in the upward process, with the overall market still dominated by bulls. The one-hour timeframe shows a rebound with three consecutive bullish candles, and the price is gradually recovering lost ground. Each slight pullback is accompanied by a moderate increase in trading volume, indicating a strong willingness of low-position bulls to accumulate. Although there is some selling pressure when approaching the middle line of the Bollinger Bands (as some short-term funds take profits causing the rebound pace to slow), the middle line has not formed substantial resistance. The overall Bollinger Bands maintain an upward opening, and the lower bound support is solid. The short-term trend remains biased towards the bulls. A subsequent breakthrough and stabilization above the middle line are expected to further open up upward space; conversely, there may be a brief oscillation in the range to gather strength. We will continue to follow a low-buying strategy at midnight.
Bitcoin suggestion: Buy near 119500-119000 with targets at 122000-121000
Ethereum suggestion: Buy near 4270-4250 with targets at 4380
