From the current latest structural analysis of Bitcoin, it is still in a high-level recovery phase after a sharp decline rebound. The bulls have not weakened, but the upward momentum has clearly slowed down. On the four-hour level, after a strong rebound around the price of 84408, it has continuously raised the low points and stabilized above the middle band of the Bollinger Bands, indicating that the support below remains solid, and the main trend is still bullish. However, it can also be seen that the upper region has repeatedly tested the 88500–89000 area without effectively breaking through with volume. The high-level candlesticks are mainly characterized by small bodies and upper and lower shadows, reflecting a cautious stance of funds at high levels, entering a consolidation phase that exchanges time for space. Looking at the hourly level, the price is oscillating around the middle band, with support around 87800 not being broken. The short-term bulls and bears are repeatedly battling, but the structure has not been damaged, which is a normal digestion in a strong market rather than a weakening trend. Overall, as long as the price does not effectively break below the core support zone of 87500, Bitcoin will still maintain a bullish oscillation pattern at high levels, and is more likely to consolidate and build momentum before testing the previous high resistance again. #BTC #ETH $ETH
ETHUSDT
Perp
2,991.71
+0.52%