Last night, it dipped down to around the 2740 line, then started to fluctuate upwards. From the daily technical indicators, the KDJ and MACD indicators show a golden cross and upward trend. The BOLL indicator is closely adhering to the upper track area and is slowly starting to expand. The MA three-day moving averages are arranged to rise at different levels, with the MA5 and MA10 moving averages rising in tandem. The RSI indicator is operating above the 80 value, and currently, the coin price is steadily stabilizing above the five-day moving average. In simple terms, the upward channel has opened, and the drop during the early morning has not damaged the actual support level at the bottom. I personally believe that the coin price is likely to continue fluctuating upwards during the afternoon and evening.
From the 4-hour technical indicators, the KDJ indicator shows a golden cross and is slowly rising, while the short-term MACD indicator is slowly expanding in a bullish direction. The DIF and DEA indicators are cooperating to apply pressure, and the BOLL indicator is closely adhering to the upper track. Meanwhile, the high point MA30 moving average continues to strengthen. In the short term, Ethereum is stabilizing with a green TD2 upward signal. Given the overall trend, it is recommended to focus on long positions during pullbacks.
Ethereum: Long positions near 3020-2985. Stop loss: 2947. Target: 3080-3100.
Bitcoin: Long positions in batches near 121500-121000. Stop loss: 119500. Target: 123000.
The above is my personal analysis of the market during the afternoon, for your reference only. Specific points and real-time direction changes are subject to real-time guidance $BTC .