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📊 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.
🔍 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).
📉 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.
🎯 Strategic Entry Points
Bitcoin (BTC)
Position: Short
Entry Range: $95,500 – $96,000
Target: Near $94,000
Ethereum (ETH)
Position: Short
Entry Range: $3,290 – $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. 📢📢📢