CoinSea Wave: 1.5 Cryptocurrency Market Bitcoin (BTC) Ethereum latest market analysis reference for today:

Bitcoin maintains a overall oscillating upward trend, gradually rebounding recently supported by key support levels below. After spiking to around 91,700 yesterday, it experienced a slight pullback. The bulls showed strong momentum, and the price entered a narrow range consolidation at high levels today. From the daily chart perspective, the overall structure of the daily trend remains relatively strong. The candlestick continues to close higher, with the price warming above the upper Bollinger Band supported by consecutive bullish candles, indicating strong continuity. The J value of the KDJ indicator is 103.38, entering the overbought zone, while the K value is 75.14 and D value is 61.02, forming a golden cross upward. Bullish momentum remains, but overbought correction pressure is evident; the MACD indicator shows the fast and slow lines approaching zero from above, with volume support still present. RSI1 is at 76.77, close to the overbought threshold, while RSI2 and RSI3 are 61.30 and 50.16 respectively, generally in a relatively strong zone. Overall, although the price has broken above the upper Bollinger Band with a clear bullish trend, overbought indicators suggest a high probability of short-term consolidation near the upper Bollinger Band to digest pressure. After a pullback to gather strength, a further upward breakthrough may occur.
From the short-term hourly chart analysis, the 4-hour Bollinger Bands show an extending upward trend. After the price surged to around 91,700, it pulled back slightly. Currently, the coin price is below the upper Bollinger Band, with the short-term EMA moving averages maintaining a bullish arrangement, and the price staying above the moving averages, indicating the medium-term bullish trend remains unchanged. The KDJ indicator's three lines are converging and in a high zone, showing signs of turning downward, with short-term overbought correction pressure emerging. The MACD indicator's DIF and DEA are both positive, but the MACD histogram is narrowing, indicating diminishing bullish momentum. RSI1 is at 70.13, close to the overbought threshold, overall in a relatively strong state but with weakening upward momentum. In summary, although the 4-hour price trend remains bullish, various indicators show insufficient short-term upward energy. The likely scenario is consolidation between the upper Bollinger Band and short-term moving averages. If the price pulls back and stabilizes above the EMA20 short-term moving average, it may attempt to challenge the upper Bollinger Band and previous highs again. Conversely, if it breaks below the moving support, it could further decline to seek support at the MEA120. Intraday trading is recommended to focus on buying on dips at lower levels!
CoinSea Wave: 1.5 Short-term Bitcoin reference:
Long position: Buy in the 88500-89500 range, stop loss at 88000, targets at 90500-91500-92500,
Short position: Short in the 92500-93500 range, defend at 94500, targets at 91500-90500,
CoinSea Wave: 1.5 Short-term Ethereum reference:
Long position: Buy in the 3020-3050 range, defend at 2950, targets at 3100-3150,
Short position: Short in the 3195-3225 range, defend at 3350, targets at 3150-3100,
The article is time-sensitive with potential delays; personal opinions are for reference only. Do not operate blindly! I hope everyone can adhere to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!#BTC #ETH