On the 4-hour chart, the price of the coin is currently in a stage of consolidation, with both bulls and bears pulling back and forth. The downward momentum has slowed, but a clear signal for an upward breakout has not yet appeared.
Looking at the 1-hour level, the price has risen above the middle line, and the DIF line has also crossed above the DEA, forming a golden cross. The original green bars have quickly narrowed and turned into red bars, indicating that the short-term bulls are temporarily in control, and it also means that the downward momentum has significantly weakened, providing a foundation for a short-term rebound.
Morning analysis:
Bitcoin: around 112500-113000, target 115000
Ethereum: around 3530-3550, target 3650
The market changes rapidly, the above is for reference only, please refer to the actual market conditions!
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