The current overall market of Ethereum has again fallen into a high-level consolidation without any obvious breakthroughs. Bitcoin, after a midnight surge met resistance, has continued to decline, and the market momentum in the afternoon has tended to quiet down, entering a phase of range-bound fluctuations. However, from the current situation, the timing for bulls to enter the market has once again become apparent, and there is ample room for a pullback.
Analyzing Bitcoin's market from a four-hour perspective: after the midnight surge, it successfully broke through to a new high near 124,500, but then the market continued to pull back. This decline has considerable room. In this process, there are certain suspicions of being a trap for short positions, which undoubtedly presents a rare opportunity for investors who were previously stuck. In the evening, attention can be paid to the pullback rhythm, looking down to the support level around 120,000, and taking the opportunity to go long within this range.
As for Ethereum, the market is operating in the upper region of the Bollinger Bands, with constant lower shadows appearing, indicating that the pullback space is clearly limited. The three lines of the Bollinger Bands maintain an expanding shape, and the overall trend is upward, showing that the market environment is still relatively ideal, with the bullish trend still dominant. From the technical indicators, the golden cross pattern above the zero line is clear, indicating that the market is expected to welcome another breakthrough; at the same time, the overall market is above the zero line, with the MACD green bars dominating the market, further solidifying the short-term bullish pattern. The evening layout suggests continuing the strategy of buying on pullbacks, gradually testing resistance upwards.
