Riding the Crypto Waves: 1.7 Bitcoin (BTC), Ethereum (ETH) Today's Latest Market Analysis Reference, Information Interpretation

Riding the Crypto Waves: 1.7 Bitcoin (BTC) Market Analysis Reference:
Last night, Bitcoin proceeded as expected to test the lower support through pullback. Early this morning, the price touched the 91200 level at the low point before stopping the decline and rebounding. As of now, the coin price is trading around 93200, and the overall trend matches our previous analysis precisely. Observing the daily K-line chart, the daily-level Bollinger Bands maintain an expanding mouth, with current price running along the upper band. The EMA short-term moving average constitutes key support. KDJ remains in the overbought zone with short-term bullish momentum already overextended, showing a need for pullback correction; however, MACD volume columns continue to expand and the dual lines extend upward, indicating mid-to-long-term bullish momentum is still releasing and trend has not undergone fundamental reversal.

The 4-hour level trend shows oscillation characteristics: price pulled back from the Bollinger upper band, MACD turned from positive to negative with fast and slow lines forming a death cross above the zero-axis, EMA short-term moving average turned down after correction; KDJ indicator contracted, RSI three-line moved down, indicating pullback demand. Subsequently, attention should be paid to the middle band (92500) support effectiveness.

On the 1-hour level, price rebounded from the 91200 low point, showing a series of consecutive bullish candlesticks moving up; currently has broken through the Bollinger middle band resistance. KDJ formed a golden cross at low levels and continued diverging upward, MACD value turned positive, DIF and DEA formed initial golden cross below zero-axis, but RSI three-line runs downward. If price cannot effectively hold above the Bollinger middle band, it will likely probe toward the Bollinger lower band level. Subsequently, focus should be on short-term support in the 92000-91200 USD range, which is both today's pullback low point and the key defensive level of the lower edge of the rising channel. If effectively defended, the rebound trend is expected to continue.

Riding the Crypto Waves: 1.7 Bitcoin Short-term Reference:
Long orders: 91000-92200 range long, defend 90000 scale-in, targets see 92500-93500
Short orders: 94500-95500 range short, stop loss 96000, targets see 93500-92500

Riding the Crypto Waves: 1.7 Ethereum Short-term Reference:
Long orders: 3175-3205 range long, defend 3100 scale-in, targets see 3200-3285
Short orders: 3320-3350 range short, defend 3450 scale-in, targets see 3300-3200

Article delivery has delays with time-sensitivity. Personal views, for reference only, do not blindly operate! Hope everyone on the investment journey, no matter how the market changes, can stick to your own principles, maintain rationality and composure. Seize opportunities, make each decision just right, ride the waves in the ocean of investment, and harvest wealth and growth!!!#BTC #ETH