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Recently, the mainstream Crypto Assets market has shown a pattern of fluctuating rise. The 4-hour chart of Bitcoin shows that the price has retreated after reaching the pressure of the middle band of the Bollinger Bands, indicating a weakening of short-term breakout momentum. The technical indicator MACD indicates that long positions need some time to digest floating chips in order to build momentum for the next round of rise. Currently, it is in a phase of technical correction, and it is expected that after the adjustment ends, it will likely restore its upward trend.
The Ethereum 1-hour chart shows strong oscillating upward characteristics. The price retreated to the middle band after breaking through the upper band of the Bollinger Bands, demonstrating a healthy adjustment trend. The MACD indicator maintains a golden cross running upwards. Although there has been some profit-taking in the short term, the overall upward trend structure remains solid, with good trading volume support.
For Bitcoin, pay attention to the support in the range of 118800-119200. If it stabilizes, consider placing long positions, with the target around 122000. As for Ethereum, it is recommended to focus on the support in the area of 4490-4500. Wait for the price to stabilize before entering the market, with a target around 4700.
Overall, although the short-term market may experience some volatility, as long as the key support levels hold, the medium-term rising trend is still expected. Investors should pay attention to risk control when trading and set reasonable stop-loss orders to cope with potential market fluctuations.