王守义
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Bearish
Ethereum is going crazy! Are we really going to the moon? Let's analyze calmly!
$BTC Technical Analysis
Bearish Signal: The RSI indicator shows overbought conditions, indicating short-term pullback pressure.
Technical Indicators Summary:
The MACD fast line is above the slow line, indicating that there is still upward momentum in the short term.
The RSI is close to 70, nearing the overbought zone, so one should be cautious of adjustment risks.
The KDJ indicator shows a strong trend.
Conclusion: BTC may oscillate between the support level of $118,931.5 and the resistance level of $120,769.9 in the short term, and after breaking the resistance, it is expected to continue rising.
$ETH Technical Analysis
Bearish Signal: The KDJ has formed a death cross, and the RSI shows overbought conditions, indicating significant short-term adjustment pressure.
Technical Indicators Summary:
The MACD fast line is below the slow line, indicating a bearish outlook in the short term.
The RSI is close to 70, indicating overbought risks.
The KDJ death cross signals a clear bearish trend in the short term.
Conclusion: ETH may face significant adjustment pressure in the short term, with a key support level at $4,543.59. If it can hold the support, a rebound to the resistance level of $4,710.83 is expected.
Market Sentiment and Macroeconomic Factors
• Recent market expectations for a potential interest rate cut by the Federal Reserve have increased, which is favorable for the inflow of funds into the cryptocurrency market.
• Institutional demand for Ethereum and Bitcoin continues to grow, especially with significant inflows into Ethereum ETFs supporting price increases.
• The news of XRP being adopted by the Federal Reserve's internal payment system has boosted market confidence in major cryptocurrencies.
Comprehensive Judgment
• BTC: After short-term oscillation, it is expected to break through the resistance level of $120,769, targeting $125,000 or even higher, but attention must be paid to the risk of overbought pullbacks.
• ETH: Short-term adjustment pressure is significant, with key support at $4,543. If it holds, a rebound above $4,700 is expected, and the long-term bullish trend remains intact.
$BTC Technical Analysis
Bearish Signal: The RSI indicator shows overbought conditions, indicating short-term pullback pressure.
Technical Indicators Summary:
The MACD fast line is above the slow line, indicating that there is still upward momentum in the short term.
The RSI is close to 70, nearing the overbought zone, so one should be cautious of adjustment risks.
The KDJ indicator shows a strong trend.
Conclusion: BTC may oscillate between the support level of $118,931.5 and the resistance level of $120,769.9 in the short term, and after breaking the resistance, it is expected to continue rising.
$ETH Technical Analysis
Bearish Signal: The KDJ has formed a death cross, and the RSI shows overbought conditions, indicating significant short-term adjustment pressure.
Technical Indicators Summary:
The MACD fast line is below the slow line, indicating a bearish outlook in the short term.
The RSI is close to 70, indicating overbought risks.
The KDJ death cross signals a clear bearish trend in the short term.
Conclusion: ETH may face significant adjustment pressure in the short term, with a key support level at $4,543.59. If it can hold the support, a rebound to the resistance level of $4,710.83 is expected.
Market Sentiment and Macroeconomic Factors
• Recent market expectations for a potential interest rate cut by the Federal Reserve have increased, which is favorable for the inflow of funds into the cryptocurrency market.
• Institutional demand for Ethereum and Bitcoin continues to grow, especially with significant inflows into Ethereum ETFs supporting price increases.
• The news of XRP being adopted by the Federal Reserve's internal payment system has boosted market confidence in major cryptocurrencies.
Comprehensive Judgment
• BTC: After short-term oscillation, it is expected to break through the resistance level of $120,769, targeting $125,000 or even higher, but attention must be paid to the risk of overbought pullbacks.
• ETH: Short-term adjustment pressure is significant, with key support at $4,543. If it holds, a rebound above $4,700 is expected, and the long-term bullish trend remains intact.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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