The 2-hour K-line Bollinger Band system shows that price is currently running above the middle band at 2153, with the overall trend in an upward channel. The upper band at 2194 constitutes short-term resistance, while the lower band at 2111 provides strong support. The Bollinger Bands show moderate expansion with appropriate opening width, indicating the market is in a healthy bullish trend. The MACD indicator is sending positive signals, with DIF positioned above DEA, and the two continue to diverge upward after forming a golden cross. Therefore, Liying believes the uptrend has a sustainable foundation. MA7 and MA30 form a standard bullish alignment, with MA120 positioned at 2180, slightly above the current price, constituting mid-term resistance. The overall moving average system shows upward divergence, providing multi-level support for price.
Trading Suggestions Bitcoin: Short around 71600, Target around 70200 Ethereum: Short around 2200, Target around 2130
Early Morning Thoughts
The 2-hour K-line Bollinger Band system shows that price is currently running above the middle band at 2153, with the overall trend in an upward channel. The upper band at 2194 constitutes short-term resistance, while the lower band at 2111 provides strong support. The Bollinger Bands show moderate expansion with appropriate opening width, indicating the market is in a healthy bullish trend. The MACD indicator is sending positive signals, with DIF positioned above DEA, and the two continue to diverge upward after forming a golden cross. Therefore, Liying believes the uptrend has a sustainable foundation. MA7 and MA30 form a standard bullish alignment, with MA120 positioned at 2180, slightly above the current price, constituting mid-term resistance. The overall moving average system shows upward divergence, providing multi-level support for price.
Trading Suggestions
Bitcoin: Short around 71600, Target around 70200
Ethereum: Short around 2200, Target around 2130
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