From the four-hour level, Bitcoin is in an uptrend after a breakout, steadily rising along the upper band of the Bollinger Bands. The moving average system shows a bullish alignment, with lower lows continuously rising and higher highs continuously advancing, with the overall uptrend structure intact. In terms of short-term, the coin price is trading along the upper Bollinger band, showing strong upward momentum; however, due to proximity to the upper band, the market has entered an overbought state with short-term pullback pressure. Our trading approach remains aligned with the bullish direction.
Currently, the four-hour level has not broken below 71,000, with overnight movement being key. If this level holds steady, the rebound momentum remains intact, and we may expect to continue testing the 73,500-74,000 zone next week. If a spike occurs and breaks below 71,000, long positions need to be avoided, waiting to consider light-volume longs at the 69,700-69,200 zone, with stop loss set at 69,000.
For Ethereum, if the four-hour close holds above 2,100, there remains a chance to push higher, targeting 2,150-2,200. If unable to close above 2,100, it may continue to test the support zone at 2,060-2,040, and long positions can continue to attempt entry, with stop loss set at 2,000. #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨