Afternoon Analysis:
From a technical perspective: In terms of the MACD indicator, the current dual lines are still operating above the zero axis, but the red momentum bars show a contracting trend, reflecting a decline in market buying momentum, indicating a potential technical correction demand. The RSI (Relative Strength Index) is consolidating around the 50 midline, with both sides showing a stalemate, and no obvious one-sided driving signal has formed yet. The moving average system shows that the short-term moving average combination formed by EMA7 and EMA30 has successfully crossed above the long-term moving average EMA120. The medium-term upward channel remains intact, but the current price is close to the sensitive support level of EMA7, which requires close observation of the effectiveness of this moving average.
It is worth noting that the market price has formed a horizontal oscillation pattern near the key integer level of 95000. This area has become an important technical platform for market competition, and subsequent breakout directions may become key signals for trend evolution.
The afternoon trading thought remains unchanged:
Bitcoin: Trade in the range of 94800-95300, target 93500.
Ethereum: Trade in the range of 1800-1820, target 1750.
