#ETH Recently, the Bitcoin market continues to show a fluctuating pattern. On the daily chart, its price is operating within the range formed by the MA30 and MA60 moving averages, creating a price corridor where the bullish and bearish forces are temporarily balanced. The MA30 moving average acts as a short-term dynamic support, while the MA60 moving average is a key resistance level above. Additionally, the trading volume is gradually shrinking, indicating a strong market wait-and-see sentiment. From the 4-hour cycle perspective, Bitcoin continues to show sideways consolidation this week within the trading range. The price fluctuation has narrowed to 83000-86000, and the MACD indicator repeatedly hovers around the zero axis, lacking directional guidance. The Bollinger Bands are continuously narrowing, and until a valid breakout occurs, range trading is recommended. The confirmation criteria for a breakout are a sustained closing above the range for four consecutive hours with increased volume. If there is an upward breakout in the future, the target price is set at 88000.
Bitcoin: Can short near 84300, short-term target 86000 Ethereum: Can be shorted near 1570, short-term target 1650
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#ETH Recently, the Bitcoin market continues to show a fluctuating pattern. On the daily chart, its price is operating within the range formed by the MA30 and MA60 moving averages, creating a price corridor where the bullish and bearish forces are temporarily balanced. The MA30 moving average acts as a short-term dynamic support, while the MA60 moving average is a key resistance level above. Additionally, the trading volume is gradually shrinking, indicating a strong market wait-and-see sentiment. From the 4-hour cycle perspective, Bitcoin continues to show sideways consolidation this week within the trading range. The price fluctuation has narrowed to 83000-86000, and the MACD indicator repeatedly hovers around the zero axis, lacking directional guidance. The Bollinger Bands are continuously narrowing, and until a valid breakout occurs, range trading is recommended. The confirmation criteria for a breakout are a sustained closing above the range for four consecutive hours with increased volume. If there is an upward breakout in the future, the target price is set at 88000.
Bitcoin: Can short near 84300, short-term target 86000
Ethereum: Can be shorted near 1570, short-term target 1650