BTC, ETH Morning Operation Analysis Summary:
BTC
The short-term MA 115281 and 114997 are both near the current price level, indicating that Bitcoin is currently retracing to the short-term moving averages.
The Bollinger Bands are noticeably widening, suggesting increased volatility in the short term.
Trading volume expands during price increases and contracts during pullbacks, indicating that the declines are mainly due to "profit-taking," and the bullish main force has not significantly retreated.
Net short positions have increased, but net long positions have not completely disappeared.
Summary:
BTC is currently in a pullback phase after a significant rise. As long as it does not drop below 112500~113000, it remains in a strong structure. The resistance above is 116500~117500.
Trading Strategy: Consider going long when it retraces to the 113500~114,000 range, with a stop loss adjusted below 112200 and targeting previous highs.
ETH
The trend remains strongly upward, indicating that the bullish trend is intact.
The middle Bollinger Band is around 4434, suggesting that even with a short-term pullback, the space is limited.
During the rally phase, trading volume is massive, while the volume contracts during pullbacks, similar to BTC, where profit-taking is the main activity.
Net short positions are increasing, but net long positions still dominate, indicating that market funds are still bullish on ETH.
Summary:
ETH's performance is stronger than BTC, with shallower pullbacks, currently holding above 4700. As long as it does not drop below 4600, it remains in a bullish trend.
Consider lightly entering long positions in the 4650~4,700 range, with an initial target of 4850~4900~5000~5125, and adjust the stop loss to 4550.
Overall Morning Summary
The overall market is still a healthy pullback after a strong rise.
BTC's pullback is slightly larger, while ETH is relatively stronger.
Current market sentiment favors the bulls, but in the short term, it needs to digest the significant rise over the past two days.