BTC Technical Analysis:
The daily chart shows a high pullback pattern, with a long upper shadow indicating that bulls faced resistance after a tentative breakout. However, the volume reduction during the pullback suggests limited selling pressure at high levels, representing a normal consolidation after the breakout.
The moving average system shows a bullish arrangement: the 7-day moving average crosses above the 14/30-day moving averages forming a golden cross, reinforcing the short-term trend. The MACD indicator's fast and slow lines form a golden cross, and the histogram turns positive, indicating gradual recovery of momentum.
Key Levels: Upside Opportunity: If there is a pullback to the 7-day moving average (currently around 118K) and it finds support, a breakout above 120K could open up the space for 135K.
Risk Warning: If there is a significant drop below 116K (support level from last Saturday), it will likely test 111K in the short term.
Daily Focus: After five consecutive bearish candles on the 4-hour chart, a support rebound is observed at 118K (the breakout point from Sunday). The range of 117-118K is a critical defensive zone below, while the range of 120.5-121.5K constitutes a pressure zone above.
ETH Technical Analysis:
The daily chart maintains a high consolidation phase, with a two-day pullback that has not broken the moving average support, keeping the upward channel intact. The moving average system shows a steep bullish arrangement, with the MACD histogram expanding positively and the fast line recovering, indicating an acceleration phase.
Mid-Term Logic: The cumulative increase is substantial, but building a top requires time, and there is currently no risk of a waterfall-style decline.
Short-Term Signals: The 4-hour chart forms a higher low structure at 4150, with a dip earlier in the morning not breaking the previous low.
Operating Range: The range of 4240-4200 serves as the daily support zone below, while the range of 4340-4380 serves as the pressure zone above.
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