Sea of Coins Riding the Waves: 1.8 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Sea of Coins Riding the Waves: 1.8 Bitcoin (BTC) Market Analysis Reference:
Bitcoin intraday price continues to fluctuate downward, with the price briefly breaking below the 90,000 key level in the afternoon. Currently, the latest price fluctuates around this level within a narrow range. On the daily chart, BTC surged to around 94,700 before closing with consecutive bearish candles. The upper Bollinger Band shows signs of turning downward, with the upper resistance at 93,200 and the lower support at 85,200. The price is currently trading between the middle and upper Bollinger Bands, not yet breaking below the key support of the medium-term upward trend. The KDJ indicator shows a death cross with the three lines diverging downward, indicating that the bullish momentum on the daily level is beginning to weaken. Although the MACD remains above the zero line, the volume bars are shrinking, and the DIF shows a turning trend, suggesting that the medium-term bullish strength is weakening. The RSI has fallen back to the 40-50 range, exiting the overbought zone, with a gradual release of correction demand. Overall, the core bullish trend has not been effectively broken, and the current pullback is most likely a normal technical correction after a rally.
In the 4-hour chart, BTC effectively broke below short-term support levels such as EMA15 and EMA20. The Bollinger Bands are opening downward, with the price moving along the lower band. The lower support at 90,000 has been tested. The KDJ lines have fallen below 20 into oversold territory, with some expectation of a rebound, but no golden cross or turning signal has appeared yet. The MACD has formed a death cross above the zero line, with the fast line diverging downward and the volume bars expanding negatively, indicating that bearish momentum is being released. The 1-hour chart continues the weak pattern seen in the 4-hour chart, with the lower Bollinger Band support at 89,950 slightly broken. The KDJ shows signs of reversal with low oscillation, and the RSI has fallen below 30 into oversold territory, turning upward. There is a short-term possibility of a technical rebound, but the strength of the rebound depends on whether the 90,000 support level stabilizes. If it holds, the price may rise back to the 92,000-93,000 range.
Sea of Coins Riding the Waves: 1.8 Short-term Bitcoin Reference:
Long positions: Buy in the 89,000-90,000 range, stop loss at 88,500, target 91,000-92,500.
Short positions: Sell in the 92,200-93,200 range, stop loss 500 points, target 91,500-90,500.
Sea of Coins Riding the Waves: 1.8 Ethereum Short-term Reference:
Long positions: Buy in the 3,035-3,085 range, stop loss at 2,950, target 3,100-3,200.
Short positions: Sell in the 3,200-3,250 range, stop loss at 3,300, target 3,150-3,100.
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