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On the weekend of March 29th, Awei shared insights on BTC/ETH in Silk Road in the morning.
From the 4-hour timeframe, the price remains in a corrective oscillation characterized by sideways decline and insufficient momentum. The MA5/10/300 moving averages are gradually converging, with the price oscillating slightly below the moving averages.
After the MACD golden cross, it has flattened near the zero line, with very short red bars. The Bollinger Bands are also narrowing, indicating that short-term rebound momentum remains weak.
Around 66,600-67,600, with a target of 65,100.