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Bitcoin (BTC) Daily Analysis
1. Price trends and key positions
Current price: Bitcoin has broken through the key resistance level of $88000, with a intraday fluctuation range of $85148-88449. The daily chart has been bullish for three consecutive days, showing a bullish trend of $127.
Support and Resistance:
Support level: 85500-86000 US dollars (the overlap area between EMA30 and the middle band of the Bollinger Bands), falling below it may trigger a pullback to 83000-84500 US dollars.
Resistance level: $88500-89000 is a short-term pressure zone, and breaking through it may impact the psychological barrier of $90000 or even $100000.
2. Technical indicators
MACD： The daily chart level has deviated from the top, but the bullish momentum at the 4-hour level has not yet dissipated, so we need to be alert to the risk of a pullback.
RSI： The hourly RSI is overbought (70+), but the daily RSI is around 65, indicating that there is still room for improvement.
Moving averages and Bollinger Bands: Prices remain above the 10 day and 20 day moving averages, and the upper band of the Bollinger Bands continues to open upwards, indicating short-term strength.
Ethereum (ETH) Daily Analysis
1. Price trends and key positions
Current price: Ethereum is experiencing weak volatility, currently trading at $1580, with a intraday low of $1560 and resistance above $1650.
Support and Resistance:
Support level: 1560-1530 US dollars (lower Bollinger Bands and previous lows), with a possible drop below 1430 US dollars.
Resistance level: $1650-1660 (EMA120 and the pressure zone of the Bollinger Bands).
2. Technical indicators
MACD： The daily bearish trend is evident, with DIF and DEA spreading below the zero axis, and the 4-hour MACD momentum weakening.
KDJ and RSI: The daily KDJ dead cross is effective, while RSI is on the edge of oversold and lacks short-term rebound momentum.
Bollinger Bands: Daily Bollinger Bands run downwards, with prices subject to mid track pressure and short-term bearish sentiment.
In this rebound led by Bitcoin, we have witnessed the power of technical analysis and the infinite possibilities of the market. Let's remain calm and continue to follow, because the story of Bitcoin continues. Welcome to the live broadcast room for communication, and at the same time, share practical knowledge and secret tactics!
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
