Bollinger Bands: Bitcoin is holding steady above the middle band, with strong support at the midline. The upper band continues to rise and the opening is upward, showing bullish momentum remains strong! On the MACD, the short-term death cross is merely a technical pullback. Both DIF and DEA remain above the zero axis, indicating the bullish foundation is still intact.
On the 1-hour timeframe, Bitcoin’s short-term pullback is a healthy correction within the uptrend. The support at the middle Bollinger band remains unbroken, suggesting the uptrend is likely to continue and may challenge the 100,000 mark in the future.
BTC: Buy around 92,000-92,550, target 93,100-93,800, if broken look for 95,000.
ETH: Buy around 3,100-3,140, target 3,170-3,200, if broken look for 3,300.
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10.4 BTC/ETH Latest Analysis
Bollinger Bands: Bitcoin is holding steady above the middle band, with strong support at the midline. The upper band continues to rise and the opening is upward, showing bullish momentum remains strong!
On the MACD, the short-term death cross is merely a technical pullback. Both DIF and DEA remain above the zero axis, indicating the bullish foundation is still intact.
On the 1-hour timeframe, Bitcoin’s short-term pullback is a healthy correction within the uptrend. The support at the middle Bollinger band remains unbroken, suggesting the uptrend is likely to continue and may challenge the 100,000 mark in the future.
BTC: Buy around 92,000-92,550, target 93,100-93,800, if broken look for 95,000.
ETH: Buy around 3,100-3,140, target 3,170-3,200, if broken look for 3,300.