The Bitcoin market is currently showing a rebound trend after experiencing a fall in the early morning. From a technical perspective, there are some positive signals in the short term. The hourly MACD indicator is forming a golden cross pattern, which is usually seen as a bullish signal. However, the RSI indicator is currently at a level of 41, which may indicate the possibility of a pullback.



From a longer time frame perspective, the MACD at the four-hour level is still in a death cross pattern, but trading volume is gradually weakening, which may indicate that the bearish momentum is diminishing.

Recently, the price of Bitcoin has been fluctuating in the range of 26,736 to 27,192 USD (approximately 1114 to 1133 USDT). The market has attempted multiple times to break through the support level of 26,736 USD without success, and has also failed to stabilize above the resistance level of 27,168 USD.

For day traders, attention can be focused on the range of $26,760 to $26,880 (approximately 1115 to 1120 USDT) to look for long opportunities. If it breaks through $27,168 (approximately 1132 USDT), the next target may be near $27,504 (approximately 1146 USDT).

In terms of Ethereum, it is recommended to look for long opportunities in the range of $99,288 to $99,840 (approximately 4137 to 4160 USDT), with upward targets to focus on around $101,280 (approximately 4220 USDT) and $103,200 (approximately 4300 USDT).

Market participants should closely monitor these key price levels while considering other fundamental factors in making investment decisions. The cryptocurrency market is highly volatile, and investors should proceed with caution and implement effective risk management.
BTC-0.02%
ETH-0.35%
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DegenDreamervip
· 11h ago
No god can help, suckers in a Bear Market.
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ChainDetectivevip
· 11h ago
Who is demonizing the pullback?
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ParallelChainMaxivip
· 11h ago
Bear Market etc etc etc to say
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GasFeePhobiavip
· 11h ago
Aren't you entering a position if you're bullish?
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