Evening Thoughts


On the daily chart, the price rebounded and closed higher after finding support at the lower Bollinger Band, with the daily opening continuing a relatively strong oscillation, briefly probing and virtually breaking through the 78,000 level. Currently, the Bollinger Bands are slightly widening, and the short-term moving averages are trending downward; the MACD lines continue to decline, with volume gradually decreasing; the KDJ indicator is turning downward, and attention should be paid to support near the zero line; the VR indicator is consolidating around the 100 level.
On the four-hour chart, the market touched the upper Bollinger Band and faced resistance, forming a long upper shadow, then continued to close with downward candles, with the current price operating below the middle Bollinger Band. The Bollinger Bands are generally flat, with short-term moving averages also trending downward; the MACD lines are turning downward, with the momentum histogram shrinking; the KDJ has diverged downward after a dead cross at high levels, and the VR indicator is oscillating around the 90 range.
Overall, although the market has stabilized and rebounded at the daily lower band, it has yet to firmly stand above the 7-day moving average, indicating a short-term need for a retest. The key point to watch for the rebound strength is the pressure at the middle Bollinger Band; if it cannot break through for a long time, the market is likely to oscillate and weaken again. Short-term trading can rely on the 76,000 support level for opportunistic positions.

Trading Suggestions
Buy near 76,800 for Bitcoin, with a target around 78,500;
Buy near 2,100 for Ethereum, with a target around 2,180.
BTC0.77%
ETH-0.12%
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