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Wednesday evening BTC/ETH analysis and operations
Our daytime long positions have ended, and we will continue to focus on low longs in the evening, but we need to pay attention to the signs of a pullback. Defense is essential, and Shipan will remind us at any time!
From a technical perspective, after a price surge, a long upper shadow was recorded, indicating clear signals of resistance at high levels. Currently, although it is in a consolidation phase accompanied by a pullback, the overall bullish pattern has not shown signs of reversal. In the hourly chart, the Bollinger Bands continue to operate with an opening, but the RSI indicator has dropped from the overbought zone, which means that the short-term bullish momentum has slowed down, and the coin price is likely to enter a phase of consolidation.
BTC: Buy around 1215, target 1235, 1250.
ETH: Buy around 4450, target 4580, 4750.
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