### 6.1 BTC/ETH Morning Market Analysis



Currently, BTC’s four-hour Bollinger Bands are showing a typical “turning-point” signal as the bands keep narrowing. Price is trading along the lower band, with resistance near 81,100 on the upper side and support near 72,400 on the lower side. The narrowing of the Bollinger Bands means bulls and bears have reached a brief balance in the low zone, and an imminent decision on market direction is coming. With price positioned at the edge of the lower band, it indicates that bearish pressure is still relatively strong. However, the area near the lower band is often a sensitive zone for a technical rebound. Overall, the market remains in a range of 73,000–74,100. Even after several declines, BTC has failed to break below the 72,000 level.

**Resistance above:** 74,200
**Support below:** 72,400

For trading, use a low-bid strategy. Focus on how price performs under pressure at the resistance level, and wait for a reliable entry point.

Buy near 72,500, target 74,500.
For Ethereum, buy near 1,960, target 2,050.
BTC-3.38%
ETH-4.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments