Bitcoin and Ethereum Market Analysis and Daily Summary in the Early Hours of Saturday
Reviewing the daily trend, Bitcoin surged to 116331 in the morning before pulling back, with a low of 114740. The evening saw limited overall fluctuations until it rose again to around 116000 in the early hours, forming a U-shaped oscillation structure. Ethereum's performance was relatively stronger, stabilizing after 4400 and oscillating upward, reaching a daily high of 4571, and following Bitcoin's lead to surge again to 4628, currently in a high-level consolidation state.
From a technical perspective, the daily chart has consecutively closed in the green, with the moving average system in a bullish arrangement. The 5/10/20-day moving averages are diverging upward, forming solid support. Bullish momentum continues to expand, maintaining a strong overall trend. On the 4-hour chart, prices are steadily pushing up along the upper Bollinger Band, with the Bollinger Band opening expanding. Although the RSI has entered the overbought zone, there are no signs of a top divergence, indicating that it is still in a healthy bullish pattern. We will continue to maintain a low long strategy in the early hours.
Trading Suggestions:
Bitcoin: Buy on dips in the 115500-115800 range, targeting 117000-117500. Aggressive traders may also attempt a small position near 116000.
Ethereum: Look for buying opportunities around 4580-4550, targeting 4700-4750.
#加密市场反弹
Reviewing the daily trend, Bitcoin surged to 116331 in the morning before pulling back, with a low of 114740. The evening saw limited overall fluctuations until it rose again to around 116000 in the early hours, forming a U-shaped oscillation structure. Ethereum's performance was relatively stronger, stabilizing after 4400 and oscillating upward, reaching a daily high of 4571, and following Bitcoin's lead to surge again to 4628, currently in a high-level consolidation state.
From a technical perspective, the daily chart has consecutively closed in the green, with the moving average system in a bullish arrangement. The 5/10/20-day moving averages are diverging upward, forming solid support. Bullish momentum continues to expand, maintaining a strong overall trend. On the 4-hour chart, prices are steadily pushing up along the upper Bollinger Band, with the Bollinger Band opening expanding. Although the RSI has entered the overbought zone, there are no signs of a top divergence, indicating that it is still in a healthy bullish pattern. We will continue to maintain a low long strategy in the early hours.
Trading Suggestions:
Bitcoin: Buy on dips in the 115500-115800 range, targeting 117000-117500. Aggressive traders may also attempt a small position near 116000.
Ethereum: Look for buying opportunities around 4580-4550, targeting 4700-4750.
#加密市场反弹
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
116,149.19
+0.35%
ETH
4,634.28
-0.58%
