Crypto Wave: 1.8 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Crypto Wave: 1.8 Bitcoin (BTC) Market Analysis Reference:
Bitcoin intraday price continues to oscillate downward, with the price briefly breaking below the key 90,000 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, with the upper band at 93,200 and the lower band 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 all 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 is turning upward, suggesting that the medium-term bullish strength is waning. The RSI has fallen back to the 40-50 range, moving out of the overbought zone, with a gradual release of the 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.
On the 4-hour chart, BTC has effectively broken below short-term support levels such as EMA15 and EMA20. The Bollinger Bands are opening downward, with the price moving along the lower band, which has been tested at 90,000 support. 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 turning negative and expanding, indicating that the bearish momentum is in the process of being released. The 1-hour chart continues the weak pattern seen on the 4-hour, 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 can hold. If it stabilizes, the price may attempt to retest the 92,000-93,000 range.
Crypto Wave: 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: Short in the 92,200-93,200 range, stop loss 500 points, target 91,500-90,500.
Crypto Wave: 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: Short in the 3,200-3,250 range, stop loss at 3,300, target 3,150-3,100.
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