BTC ETH Market Analysis: Consolidation, Key Breakthrough Imminent
1. Market Interpretation In the BTC 4-hour chart, the price is oscillating within a narrow range in the Bollinger channel, with moving averages (EMA10/52/24) entangled, and trading volume shrinking, causing a stalemate in the bullish and bearish contest.
Currently around 105259, the upper Bollinger middle band at 106897 presents clear resistance, while the lower Bollinger band at 103335 serves as key support. The direction of the breakthrough will determine the short-term trend.
ETH is also oscillating within the Bollinger channel, with moving averages flattening and low trading volume. The price fluctuates around 2554, with resistance at 2671 above and support at 2442 below, waiting for a breakout signal. Whether it will rally to open space or break down to test support needs close monitoring of volume and key levels.
2. Precise Entry Points BTC Strategy Long Position (Breakout of Upper Band) Entry: Price breaks out significantly above 107000 (Bollinger middle band + moving average resistance), and the 15-minute line closes bullish with volume increasing by 30% or more.
Stop Loss: Below 105500 (if it effectively tests support, hold; if it breaks, stop loss).
Take Profit: First target 109000 (take profit 50% at resistance), if it breaks, look for 110000 (take profit 30% more), and hold 20% for a potential 112000.
Short Position (Breakdown of Lower Band) Entry: Price breaks down significantly below 103500 (Bollinger lower band + previous support), and the hourly line closes bearish with increased volume.
Stop Loss: Above 104500 (stop loss if it rebounds and breaks out). Take Profit: 101000 - 102000 (take profit at support, if it breaks look for 100000).
ETH Strategy Long Position (Breakout of Upper Band) Entry: Price stabilizes above 2600, and the hourly line breaks out above the Bollinger middle band with increased volume. Stop Loss: Below 2530 (stop loss if it breaks).
Take Profit: 2650 - 2700 (take profit in the resistance zone in batches, take profit 60% first, if it breaks, look for 2750).
Short Position (Breakdown of Lower Band) Entry: Price breaks below 2500, and the 15-minute line closes bearish with increased volume. Stop Loss: Above 2520 (stop loss if it rebounds and breaks out).
Take Profit: 2450 - 2400 (take profit at support, if it breaks look for 2350).
3. Core Logic Currently, both BTC and ETH are in a "consolidation phase", with bulls and bears waiting for the direction of the breakout.
Trading should closely monitor the key levels of the Bollinger channel (BTC 103335 - 106897, ETH 2442 - 2671), trade with light positions, and strictly adhere to stop-loss rules.
