Early Morning Analysis of BTC

BTC is currently in a consolidation phase after a sharp rally, with short-term upward momentum insufficient but no clear signs of a major drop. It is likely to continue sideways near 608 in the morning. The key is whether it can break through the previous high of 612 or fall below support at 600. If it fails to break out, it is recommended to wait and see, avoid blindly chasing rallies or selling into dips, and set stop-losses to guard against sudden volatility!

ETH has just experienced a strong rebound after a deep drop. Its short-term moving average has crossed above the medium-term moving average, forming a "golden cross," indicating that short-term bullish sentiment is warming up. However, the MACD indicator suggests that the upward momentum is weakening, and it may face a slight pullback or horizontal digestion. In the morning, it is likely to consolidate around 1620. As long as it does not break below the support level of 1605, the overall trend remains mildly bullish. If it can break above the resistance level with volume, there is a chance for further upward movement; otherwise, it will be a narrow range consolidation!