Haihai Zhulang: 1.7 Cryptocurrency Market Bitcoin (BTC), Ethereum(ETH) Latest Market Analysis and Insights for Today

Haihai Zhulang: 1.7 Bitcoin (BTC) Market Analysis Reference:
Last night, Bitcoin unfolded a scheduled pullback to test the lower support. Early this morning, after touching the 91200 level at a low, it halted its decline and rebounded. As of now, the price is around 93200, with the overall trend aligning precisely with previous analysis. From the daily K-line chart, the Bollinger Bands on the daily timeframe remain expanding, with the current price operating near the upper band. The short-term EMA moving averages form a critical support, and the KDJ indicator is still in the overbought zone. Short-term bullish momentum has become overextended, indicating a need for a correction; however, the MACD histogram continues to grow, and the two lines remain upward, suggesting that medium- and long-term bullish momentum is still being released, and no fundamental trend reversal has occurred.
The 4-hour chart shows a consolidation pattern: the price retraced from the upper Bollinger Band, with MACD turning negative and the fast and slow lines forming a death cross above the zero axis. The short-term EMA moving averages have turned downward, indicating a correction. Meanwhile, the KDJ indicator is contracting, and the RSI lines are declining, signaling a correction is needed. Attention should be paid to the effectiveness of the middle support at 92500 in subsequent movements.
On the 1-hour chart, the price rebounded from the low of 91200, forming a continuous upward trend. It has now broken through the middle Bollinger Band resistance. After the KDJ formed a golden cross at a low point, it continued to diverge upward. The MACD value turned positive, with DIF and DEA initially forming a golden cross below the zero axis, but the RSI lines are moving downward. If the price cannot effectively stabilize above the middle Bollinger Band, it is likely to test the lower band at around 91200-92000 USD. The key support zone is between 92000 and 91200 USD, which is both the intraday pullback low and the critical defense line of the lower boundary of the upward channel. Holding this support could allow the rebound trend to continue.
Haihai Zhulang: 1.7 Short-term Bitcoin Reference:
Long position: Buy in the 91000-92000 range, defend at 90000, target 92500-93500,
Short position: Sell in the 94500-95500 range, stop-loss at 96000, target 93500-92500,
Haihai Zhulang: 1.7 Short-term Ethereum Reference:
Long position: Buy in the 3175-3205 range, defend at 3100, target 3200-3285,
Short position: Sell in the 3320-3350 range, defend at 3450, target 3300-3200
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