Bitcoin short-term pullback accumulates strength, Ethereum surges strongly! Key point operation guide
The 4-hour chart of Bitcoin just reached a new high and entered a period of volatility and adjustment, with upward momentum starting to wane and market sentiment clearly cautious. The price is now hovering around the middle band of the Bollinger Bands, forming a doji star at a high level—this is a signal for a potential change! After four consecutive bullish candles, it did not continue to rise, instead forming a bearish candle with an upper shadow. Although the MACD has crossed below the zero line, the bearish momentum bars are shrinking. In simple terms: the overall upward trend remains unchanged, but short-term a pullback is needed to accumulate strength, so don't rush to chase highs!
Ethereum has been extremely strong recently, and it deserves a separate discussion! The overall market has an explosive bullish momentum, with prices continuously refreshing recent highs, and the upward trend is very obvious. The MACD not only maintains a golden cross, but the histogram is also continuing to expand, indicating that bullish strength is growing stronger, and it is likely to continue to surge in the short term!
Operation recommendations:
Bitcoin: Try to go long if it pulls back to around 118,000, set a stop loss at 117,200, with the first target at 119,900-120,200. If it breaks through, continue to look at the 121,300-121,800 area; if it struggles to rise, consider going short.
Ethereum: Go long if it pulls back to around 3,320-3,350, set a stop loss at 3,280, with the target directly looking at 3,480-3,500. If it breaks through, look towards the 3,660-3,690 area; similarly, if it struggles to rise, consider short positions.
In the upcoming layout direction, I will guide everyone to aim for the high-profit opportunities in altcoins, with an expected potential of over 10 times being quite feasible. Like + comment, and I'll help you layout the entire bull market!
