Bitcoin has been fluctuating slightly over the past five hours, with a relatively small overall volatility, which usually indicates that the market is waiting for new direction signals. The trading volume has increased slightly in certain periods, indicating that there is a certain degree of trading activity in the market.
Ethereum's price trend is similar to that of Bitcoin, and it is also in a range of fluctuations, but the fluctuation range is slightly larger, which may indicate that the market's short-term expectations for Ethereum are slightly higher.
MACD: The MACD of Bitcoin and Ethereum is in a stalemate in the shorter term, with no clear directional breakthrough. This means that the market is currently in a wait-and-see mode and there may not be major price fluctuations in the short term.
RSI: The RSI index is close to the neutral range (around 50), indicating that the market is neither significantly overbought nor oversold. RSI has not reached 70 or 30, indicating that the short term may still be dominated by shocks.
Bollinger Bands: The prices of Bitcoin and Ethereum are close to the middle track of the Bollinger Bands, indicating that the market volatility is low and the volatile pattern may remain in the short term.
Based on the above analysis, Bitcoin and Ethereum may continue to maintain their current volatile trend in the next 5 hours, with no obvious upward or downward trend. The market is still waiting for the impact of external factors or major news.
Altcoins
Altcoins usually have high volatility, and ULTI may experience increased volatility in the next 2 hours. If the trading volume suddenly increases or technical indicators give a signal, ULTI may experience a short-term surge or decline. However, in the current situation where the overall market atmosphere is relatively stable, the trend of ULTI may be mainly affected by speculative funds. It is recommended to pay close attention to changes in trading volume and market sentiment.
Bitcoin and Ethereum are expected to remain volatile in the next 5 hours, and ULTI may fluctuate significantly in the next 2 hours due to speculation, but the overall market currently lacks clear directional signals. Investors are advised to remain cautious and wait for clearer market trend signals before making decisions.
Based on the current market trends and technical analysis, the following are the short-term support and resistance levels for Bitcoin (BTC) and Ethereum (ETH):
Bitcoin (BTC):
- Support: $58,700 – $59,000
- This is the support area that Bitcoin has tested recently. If the price breaks below this range, it may fall further to lower support levels.
- Resistance level: $60,200 - $60,500
- This is the upper resistance level of Bitcoin in the short term. If it can break through this level, it may usher in a new round of upward trend.
Ethereum (ETH):
- Support: $2,550 - $2,600
- This range is a relatively solid support level for Ethereum in the near term. If it falls below this range, it may fall further.
- Resistance level: $2,650 - $2,700
In the short term, if Ethereum can break through this resistance range, it is expected to move forward in a further upward trend.
- Bitcoin and Ethereum: If they can maintain stability at the above support level and break through the resistance level, they may usher in a wave of upward movement. However, if they fail to break through the resistance level, the price may continue to fluctuate in the current range.
These points are based on the current market conditions and the results of technical analysis tools, but the market is uncertain and the actual trend may be affected by other factors. #BTC☀ #ETH🔥🔥🔥🔥