Recently, the cryptocurrency market has shown some notable technical signals. The Bitcoin daily chart has formed a bullish line with a long lower shadow, indicating that the longer forces remain strong. However, in the 4-hour time frame, we observe a series of small candlesticks, indicating that market fluctuations are weakening and it is in a high-level consolidation phase.



In terms of technical indicators, the MACD shows a gradual upward trend in both the DIF and DEA averages in the 4-hour timeframe, but the histogram is shortening, reflecting a weakening of the upward momentum. On the daily chart level, the MACD is still hovering around the zero axis, indicating that the current long and short forces are in a stalemate phase.

Based on the current market conditions, investors may consider looking for longer opportunities in the range of 110500-110800, with a target price set at 112000-113000, while placing a stop-loss at 110300 to manage risk.

For Ethereum, you can follow the longer entry opportunities in the range of 4250-4280, with a target price of 4400-4500 and a suggested stop loss at 4230.

It is important to emphasize that the Crypto Assets market is rapidly changing, and investors should act with caution and manage risks wisely. The above analysis is for reference only and does not constitute investment advice. Before making any investment decisions, please be sure to conduct thorough research and risk assessment.
BTC0.45%
ETH0.74%
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