Good evening, currently maintaining above the multi-cycle moving averages, and the moving average system shows a typical bullish arrangement, providing a foundation for the next upward move. The MACD golden cross accompanied by the continuous expansion of the momentum bars, combined with a healthy volume-price structure of increasing volume during upward movements and decreasing volume during downward movements, indicates that the bulls are dominating the market. Although the RSI briefly reached overbought levels in the short term, the overall technical pattern remains healthy, and market sentiment is stable. The current price is approaching the key resistance level of 3000; if a volume-supported breakout occurs, the upward space will further open. Overall, the short-term trend remains bullish.
BTC has support around 87600-87000, and may test the 89000-89800 range thereafter;
ETH has support around 2940-2920, and may test the 3000-3045 area thereafter.
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Good evening, currently maintaining above the multi-cycle moving averages, and the moving average system shows a typical bullish arrangement, providing a foundation for the next upward move. The MACD golden cross accompanied by the continuous expansion of the momentum bars, combined with a healthy volume-price structure of increasing volume during upward movements and decreasing volume during downward movements, indicates that the bulls are dominating the market. Although the RSI briefly reached overbought levels in the short term, the overall technical pattern remains healthy, and market sentiment is stable. The current price is approaching the key resistance level of 3000; if a volume-supported breakout occurs, the upward space will further open. Overall, the short-term trend remains bullish.
BTC has support around 87600-87000, and may test the 89000-89800 range thereafter;
ETH has support around 2940-2920, and may test the 3000-3045 area thereafter.