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Hai Ocean Waves: 1.2 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights Today
Hai Ocean Waves: 1.2 Bitcoin (BTC) Market Analysis Reference:
The intraday Bitcoin trend continues to oscillate upward, with the price gradually recovering from yesterday's low of 87,500 and maintaining a gentle upward pace. From the daily chart perspective, BTC is in a technical rebound within a downtrend, with the daily Bollinger Bands continuing to narrow. Currently, the price is operating near the middle and upper bands, not yet breaking through the EMA30 resistance, with the upper Bollinger Band forming a short-term pressure level. The KDJ indicator shows K at 49.31, D at 44.71, J at 58.50, with all three lines weaving around 50 and the J line turning upward, indicating short-term momentum to break out of consolidation; the MACD shows DIF and DEA still below the zero line, with the histogram bars green but narrowing, indicating diminishing bearish momentum. Overall, the technical outlook shows low-level oscillation and bottoming, with bulls gradually gathering strength. In the short term, focus should be on whether the EMA30 and the upper Bollinger Band resistance zone can be effectively broken. If volume increases and the price stabilizes above this zone, the rebound trend may continue; otherwise, a return to range-bound oscillation is likely.
From the short-term hourly chart perspective, the 4-hour level shows early signs of trend reversal, with Bollinger Bands expanding upward. The price has risen to touch the upper band and then closed lower, currently operating in the upper-middle zone of the Bollinger Bands. The previous high of 90,300 is a key resistance level, while 86,700 is an important support level. The KDJ indicator shows K at 71.74, D at 57.69, J at 99.84, with J entering overbought territory and the three lines diverging. The MACD shows a golden cross above the zero line with continued divergence, with volume bars expanding. Overall, BTC is in a rebound trend on the 4-hour chart, but the overbought signals from KDJ suggest a short-term correction or consolidation may be needed. Future focus should be on whether the price can hold the Bollinger middle band support. If the correction finds support at the Bollinger middle band, the price is likely to rebound after consolidation and challenge previous highs; if support is lost, the market may fall back to key support levels below. Intraday trading can be based on the above key resistance and support levels for high and low positions.
Hai Ocean Waves: 1.2 Short-term Bitcoin Reference:
Long position: Buy in the 86,500-87,500 range, with a stop at 85,500, target 88,500-89,500.
Short position: Sell in the 89,500-90,500 range, with a stop at 91,500, target 88,500-87,500.
Hai Ocean Waves: 1.2 Short-term Ethereum Reference:
Long position: Buy in the 2,915-2,945 range, with a stop at 2,815, target 2,980-3,060.
Short position: Sell in the 3,050-3,080 range, with a stop at 3,200, target 2,950-2,900.
Timeliness of article delivery may be delayed; the views expressed are personal opinions and for reference only. Do not operate blindly! Hope everyone can adhere to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and navigate the ocean of investment to harvest wealth and growth!!!)#BTC