BTC and ETH Market Analysis and Trading Suggestions

I. BTC Market Analysis On the 4-hour chart, moving averages MA7 (106977.3), MA15 (107086.6), etc. are in an intertwined state, with prices fluctuating around the moving averages, indicating fierce competition between bulls and bears.

The MACD indicator shows a shortening of the red bars, suggesting a decline in bullish strength, while the KDJ indicator hovers in the overbought zone, indicating a need for a pullback.

Key Support Level: 104000 is an important support level, where multiple previous pullbacks have stabilized nearby, forming strong support.

Resistance Level: 108000 is a key resistance level above, where prices have faced obstacles multiple times.

Trading Suggestions Long Position: Entry Point: When the price pulls back to the range of 104000 - 104500 and shows stabilization signals such as a small bullish candle or a doji, a long position can be entered.

Stop Loss Level: Set below 103500 to control risk.

Take Profit Level: First target is 106000, and if broken, the next target is 108000.

Short Position: Entry Point: When the price rises to the range of 107500 - 108000 and shows signs of stagnation such as a long upper shadow, a short position can be attempted. Stop Loss Level: Set above 108500.

Take Profit Level: First target is 105000, and if broken, the next target is 104000.

II. ETH Market Analysis On the 4-hour chart, moving averages MA7 (2679.61), MA15 (2664.20), etc. are flat, with prices fluctuating near the moving averages, indicating a strong wait-and-see sentiment in the market.

The MACD indicator shows signs of growth in the green bars, with bearish strength slightly increasing, while the KDJ indicator is diverging downwards, suggesting a potential weakness in short-term prices.

Key Support Level: 2600 is an important support level, where multiple previous pullbacks have found support.

Resistance Level: 2700 is a resistance level above, where prices have repeatedly attempted to break through but failed.

Trading Suggestions Long Position: Entry Point: When the price pulls back to the range of 2600 - 2620 and shows stabilization signals, a long position can be entered.

Stop Loss Level: Set below 2580. Take Profit Level: First target is 2650, and if broken, the next target is 2700.

Short Position: Entry Point: When the price rises to the range of 2680 - 2700 and shows signs of stagnation, a short position can be attempted.

Stop Loss Level: Set above 2720. Take Profit Level: First target is 2630, and if broken, the next target is 2600.