Review
BTC
Market Review: In the early session, BTC surged to around 115600 but encountered resistance, followed by a pullback. It is currently fluctuating around the 114700 level.
Moving Averages: MA7 has crossed below MA25, indicating short-term weakness; MA99 is around 116900, forming strong resistance above.
Candlestick: After a large bullish candle, there have been consecutive small bearish candles, with volume gradually shrinking, indicating a lack of buying strength.
MACD: The bars are gradually shortening, indicating a need for a pullback.
BTC is short-term weak; if support at 114500 is not stable and breaks, it may retest the 113800–112600 area. Only by regaining a foothold at 115500 can it restart the upward movement.
ETH
In the early session, ETH surged to 4888, then consolidated sideways, currently maintaining around the 4744 level, relatively stronger than BTC.
Moving Averages: MA7, MA25, and MA99 are all in a bullish arrangement, indicating overall strength.
Candlestick: After a large bullish surge, it is consolidating sideways, with reduced trading volume, which is a typical sign of 'strong consolidation'.
MACD: Still operating above the zero line, with momentum maintained and limited pullback range.
Conclusion: ETH is currently relatively strong; as long as it does not break below 4700, it is expected to challenge the 4880–4930 range again. If it breaks out with volume, it may test the 5000 level, consistent with the early session.
Comprehensive Review
ETH is stronger than BTC; the pullback of BTC has some suppression on ETH, but ETH shows resilience against declines.
Operational Suggestions:
BTC: Defensive stance, must not break below 114500, otherwise be cautious.
ETH: A light long position can be attempted on a pullback to 4700–4720, with a target of 4880–4930; if it breaks out, look for 5000.
Position Suggestions: Control position in BTC, ETH can be the main long direction.
