Coin Wave Chasing: 1.7 Bitcoin (BTC), Ethereum (ETH) Today's Latest Market Analysis Reference, Information Interpretation

Coin Wave Chasing: 1.7 Bitcoin (BTC) Market Analysis Reference:
Last night, Bitcoin proceeded as expected to test the downside support with a pullback. In the early hours today, after touching the 91200 level at the low, it rebounded and stopped falling. As of now, the coin price is running around 93200, and the overall trend matches precisely with the previous analysis. Observing the daily K-line chart, the daily Bollinger Bands maintain an expanding opening, with the current price running at the upper rail of the Bollinger Bands. The EMA short-term moving average constitutes key support. The KDJ is still in the overbought zone, and short-term bullish momentum has been excessively exhausted, requiring pullback correction; however, the MACD volume column continues to expand, and the double lines continue upward, with medium and long-term bullish momentum still releasing. The trend has not undergone fundamental reversal.

The 4-hour level trend shows oscillating characteristics: price has pulled back from the Bollinger upper rail, MACD turned from positive to negative with the fast and slow lines forming a death cross above the zero axis, EMA short-term moving average turned down after a turn and showed correction; while the KDJ indicator contracted, RSI three-line descended, showing pullback demand. Subsequently, attention needs to be paid to the validity of the middle rail (92500) support.

In the 1-hour level, the price rebounded from the 91200 low point and showed a continuous rising trend; currently has broken through the Bollinger middle rail suppression, KDJ formed a golden cross at low position and continues to diverge upward, MACD value turned positive, DIF and DEA formed initial golden cross below the zero axis, but RSI three-line is running downward. If the price cannot effectively stand firm at the Bollinger middle rail, it will likely launch a test toward the Bollinger lower rail, and subsequent focus needs to be on the short-term support zone of 92000-91200 USD, which is both today's pullback low point and a key defense position at the lower edge of the rising channel. If held effectively, the rebound trend is expected to continue.

Coin Wave Chasing: 1.7 Bitcoin Short-term Reference:
Long position: Multiple in 91000-92000 zone, defend at 90000 with additions, target 92500-93500
Short position: Short in 94500-95500 zone, stop loss at 96000, target 93500-92500
Coin Wave Chasing: 1.7 Ethereum Short-term Reference:
Long position: Multiple in 3175-3205 zone, defend at 3100 with additions, target 3200-3285
Short position: Short in 3320-3350 zone, defend at 3450 with additions, target 3300-3200

Article delivery has delays with timeliness characteristics. Personal opinion, for reference only, do not blindly operate! Hope everyone on the investment journey, no matter how the market changes, can uphold your own principles, maintain rationality and calmness. Seize opportunities, make every decision just right, ride the waves in the investment ocean, and gain wealth and growth!!!#BTC #ETH