From the daily level perspective, BTC is currently oscillating within the high range of 69000-73000, with the moving average system completely flattened. The balance of power is in a relatively equilibrium state, without forming a clear directional trend. Overall, it is mainly operating in a range-bound oscillation pattern.
On the 4-hour level, after the price retested the core support near 69000, obvious stop-loss signals appeared. Oscillating indicators such as KDJ and RSI have turned upward from low levels, and the momentum for short-term rebound recovery is continuously accumulating. The MACD green histogram continues to shrink, and the momentum of bears is gradually weakening, further confirming the possibility of a short-term rebound.
Resistance Level: 71500 Support Below: 69000
BTC range-bound between 69200-69800, target 71200, looking above at 73000 ETH range-bound between 2100-2140, target 2200, looking above at 2280
Wednesday BTC and ETH Strategy
From the daily level perspective, BTC is currently oscillating within the high range of 69000-73000, with the moving average system completely flattened. The balance of power is in a relatively equilibrium state, without forming a clear directional trend. Overall, it is mainly operating in a range-bound oscillation pattern.
On the 4-hour level, after the price retested the core support near 69000, obvious stop-loss signals appeared. Oscillating indicators such as KDJ and RSI have turned upward from low levels, and the momentum for short-term rebound recovery is continuously accumulating. The MACD green histogram continues to shrink, and the momentum of bears is gradually weakening, further confirming the possibility of a short-term rebound.
Resistance Level: 71500
Support Below: 69000
BTC range-bound between 69200-69800, target 71200, looking above at 73000
ETH range-bound between 2100-2140, target 2200, looking above at 2280