Currently, Bitcoin and Ethereum are exhibiting high-level oscillations accompanied by partial pullbacks. While the medium-term outlook remains robust, short-term regulatory uncertainty is introducing localized volatility. ๐ Technical Breakdown Structure: On the 4-hour chart, the market maintains an overall upward structure. However, technical indicators signal an overextension that necessitates a pullback. Momentum: On the daily chart, the MACD continues to expand, confirming that the medium-term bullish trend is still very much intact. Price Action: * Prices are currently consolidating around the $95,500 (BTC) and $3,300 (ETH) levels. After the recent parabolic move, we are seeing a "short-term top" signal as buyers catch their breath. The 4-hour chart shows multiple failed attempts to break previous highs, leading to a narrowing volatility range (consolidation). ๐ Indicator Signals Daily MACD: Remains above the zero line, but the red histogram bars are shortening, suggesting that upward momentum is tapering off for now. 4-Hour MACD: Has formed a "Death Cross" and is trending downward, indicating that bearish pressure is increasing in the immediate term. ๐ฏ Strategic Entry Points Bitcoin (BTC) Position: Short Entry Range: $95,500 โ $96,000 Target: Near $94,000 Ethereum (ETH) Position: Short Entry Range: $3,290 โ $3,320 Target: Near $3,200 Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading cryptocurrencies involves significant risk. ๐ข๐ข๐ข
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
๐ Weekend Market Analysis: BTC & ETH
Currently, Bitcoin and Ethereum are exhibiting high-level oscillations accompanied by partial pullbacks. While the medium-term outlook remains robust, short-term regulatory uncertainty is introducing localized volatility.
๐ Technical Breakdown
Structure: On the 4-hour chart, the market maintains an overall upward structure. However, technical indicators signal an overextension that necessitates a pullback.
Momentum: On the daily chart, the MACD continues to expand, confirming that the medium-term bullish trend is still very much intact.
Price Action: * Prices are currently consolidating around the $95,500 (BTC) and $3,300 (ETH) levels.
After the recent parabolic move, we are seeing a "short-term top" signal as buyers catch their breath.
The 4-hour chart shows multiple failed attempts to break previous highs, leading to a narrowing volatility range (consolidation).
๐ Indicator Signals
Daily MACD: Remains above the zero line, but the red histogram bars are shortening, suggesting that upward momentum is tapering off for now.
4-Hour MACD: Has formed a "Death Cross" and is trending downward, indicating that bearish pressure is increasing in the immediate term.
๐ฏ Strategic Entry Points
Bitcoin (BTC)
Position: Short
Entry Range: $95,500 โ $96,000
Target: Near $94,000
Ethereum (ETH)
Position: Short
Entry Range: $3,290 โ $3,320
Target: Near $3,200
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading cryptocurrencies involves significant risk. ๐ข๐ข๐ข