#BTC 4.2 Thursday Night Bitcoin and Ethereum Latest Ideas and Analysis

Market volatility has tested you a thousand times, but you remain committed to your positions like your first love. Only by enduring the lows can you embrace new highs. Looking back at the afternoon trend, after the morning’s decline, the lowest point reached 66,167, and now it’s oscillating around 66,400. Ethereum followed Bitcoin’s move, with a low of 2022, currently fluctuating around 2030. The long-side strategy remains valid in the afternoon.

Based on the current market, the four-hour chart experienced a rapid plunge and is now in an oversold correction phase, testing strong support. The Bollinger Bands are opening upward, and the price has stabilized above the middle band, indicating a strong bullish channel. A pullback to the middle band presents a buying opportunity, and the upward trend remains intact. MA5, MA10, and MA20 form a standard bullish alignment, with short-term moving averages showing a golden cross and divergence. The moving average combination provides strong support for the price, confirming an upward trend. The hourly MACD is about to bottom out with a bullish divergence, indicating weakening bearish momentum. The hourly KDJ lines have formed a golden cross at low levels and are diverging upward, with no top divergence or death cross signals, suggesting ample bullish momentum. Bitcoin has tested 66,000 twice without breaking through, indicating a short-term rebound and correction demand.

Trading Suggestions:
Bitcoin: Buy at 65,500, target 67,000
Ethereum: Buy at 2010, target 2100