Bitcoin showed strong momentum in the morning, rallying to around 74444 before entering high-level consolidation. Market bullish sentiment remains dominant, but disagreement at higher levels is increasing, with significant short-term volatility intensifying.
On the 4-hour chart, price is running along the upper Bollinger Band, with short-term moving averages synchronously diverging upward, forming a standard bullish arrangement, with mid-term uptrend becoming clearer. This round of pullback has not effectively broken below the mid-band support of the Bollinger Band, with strong bullish follow-through strength and no trend reversal signals yet.
Recent K-lines have been consecutively closing positive, but frequently showing long upper wicks, with increased selling pressure at higher levels and expanded bull-bear disagreement. Bullish momentum has slowed somewhat, with short-term needs for profit-taking and consolidation. The chart has not yet shown clear top-reversal patterns such as bearish engulfing or top divergence. Combined with the Bollinger Band opening and expanding upward, the mid-term bullish pattern remains unchanged, with potential to challenge higher levels after pullback consolidation.
BTC: Pullback to 73400—72600 area to buy on dips, target 75000—77000
ETH: Pullback to 2240—2200 area to buy on dips, target 2330—2400$BTC $ETH
Bitcoin showed strong momentum in the morning, rallying to around 74444 before entering high-level consolidation. Market bullish sentiment remains dominant, but disagreement at higher levels is increasing, with significant short-term volatility intensifying.
On the 4-hour chart, price is running along the upper Bollinger Band, with short-term moving averages synchronously diverging upward, forming a standard bullish arrangement, with mid-term uptrend becoming clearer. This round of pullback has not effectively broken below the mid-band support of the Bollinger Band, with strong bullish follow-through strength and no trend reversal signals yet.
Recent K-lines have been consecutively closing positive, but frequently showing long upper wicks, with increased selling pressure at higher levels and expanded bull-bear disagreement. Bullish momentum has slowed somewhat, with short-term needs for profit-taking and consolidation. The chart has not yet shown clear top-reversal patterns such as bearish engulfing or top divergence. Combined with the Bollinger Band opening and expanding upward, the mid-term bullish pattern remains unchanged, with potential to challenge higher levels after pullback consolidation.
BTC: Pullback to 73400—72600 area to buy on dips, target 75000—77000
ETH: Pullback to 2240—2200 area to buy on dips, target 2330—2400$BTC $ETH