$BTC From the four-hour level, Bitcoin is in an ascending channel following a breakout, moving steadily upward along the upper band of the Bollinger Bands. The moving average system shows a bullish arrangement, with lower lows continuously rising and higher highs continuously moving up, maintaining an intact uptrend structure. In the short term, the coin price is trading along the upper band of the Bollinger Bands, showing strong upward momentum; however, due to being close to the upper band, the market has entered an overbought state with short-term correction pressure. Our strategy remains unchanged in the bullish direction.
Currently, the four-hour level has not broken below 71000, and the overnight movement is key. If this level holds steady, the rebound momentum remains intact, and next week may see a continued exploration of the 73500-74000 zone. If a wick breaks through 71000, long positions should be avoided, and light positions should be considered near the 69700-69200 zone again, with a stop loss set at 69000.
Regarding Ethereum, if the four-hour candle closes above 2100, there remains an opportunity to move higher, with targets at 2150-2200. If it fails to close above 2100, it may continue to test the support zone of 2060-2040, and long positions can continue to be attempted with a stop loss set at 2000.
$BTC From the four-hour level, Bitcoin is in an ascending channel following a breakout, moving steadily upward along the upper band of the Bollinger Bands. The moving average system shows a bullish arrangement, with lower lows continuously rising and higher highs continuously moving up, maintaining an intact uptrend structure. In the short term, the coin price is trading along the upper band of the Bollinger Bands, showing strong upward momentum; however, due to being close to the upper band, the market has entered an overbought state with short-term correction pressure. Our strategy remains unchanged in the bullish direction.
Currently, the four-hour level has not broken below 71000, and the overnight movement is key. If this level holds steady, the rebound momentum remains intact, and next week may see a continued exploration of the 73500-74000 zone. If a wick breaks through 71000, long positions should be avoided, and light positions should be considered near the 69700-69200 zone again, with a stop loss set at 69000.
Regarding Ethereum, if the four-hour candle closes above 2100, there remains an opportunity to move higher, with targets at 2150-2200. If it fails to close above 2100, it may continue to test the support zone of 2060-2040, and long positions can continue to be attempted with a stop loss set at 2000.