Early in today's session, the price tested downward below the 91,000 mark and quickly recovered. Support was evident at lower levels, followed by a bounce after hitting bottom. The hourly timeframe has produced four consecutive bullish candles, completing a quick retracement of the previous decline. Short-term bullish momentum is gradually warming, and a phase-level bottom formation has been essentially confirmed.
Although multiple hourly K-line candles leave long wicks, indicating that bulls and bears are still repeatedly competing in key zones, from a technical indicators perspective, the KDJ three-line is accelerating upward divergence, and MACD is turning from green to red with golden cross expectations. The short-term bounce structure is gradually establishing itself, and continued upside is just a matter of time.
Operations: - BTC: Watch for pullback opportunities in the 90,800–91,400 zone for long positions, with targets above focusing on the 93,000 level; - ETH: Can layout long positions in the 3,130–3,150 zone, with bounce targets aimed at around 3,250
Early in today's session, the price tested downward below the 91,000 mark and quickly recovered. Support was evident at lower levels, followed by a bounce after hitting bottom. The hourly timeframe has produced four consecutive bullish candles, completing a quick retracement of the previous decline. Short-term bullish momentum is gradually warming, and a phase-level bottom formation has been essentially confirmed.
Although multiple hourly K-line candles leave long wicks, indicating that bulls and bears are still repeatedly competing in key zones, from a technical indicators perspective, the KDJ three-line is accelerating upward divergence, and MACD is turning from green to red with golden cross expectations. The short-term bounce structure is gradually establishing itself, and continued upside is just a matter of time.
Operations:
- BTC: Watch for pullback opportunities in the 90,800–91,400 zone for long positions, with targets above focusing on the 93,000 level;
- ETH: Can layout long positions in the 3,130–3,150 zone, with bounce targets aimed at around 3,250