From the daily level, the market gained effective support after touching the lower Bollinger Band and welcomed a two-day rebound. Although there was some fluctuation in price during the rebound, the support below remained solid, and the continuous closing of bullish candles indicates that bullish strength is gradually accumulating. Although the MACD indicator's dual lines are still below the zero axis, the histogram has shown a converging trend, indicating that the downward momentum is weakening, and the overall trend has the conditions for bottoming out and rebounding. Currently, after consolidating, the price is expected to further test resistance upwards, with the market structure gradually leaning towards the bulls.
Looking at the four-hour level, the price has been continuously fluctuating and consolidating between the upper and middle Bollinger Bands. The RSI indicator's three lines have shown signs of stabilization, and the KDJ indicator, after adjustment, is expected to form a golden cross pattern upwards again, indicating that the support below is gradually strengthening. In terms of operation, a strategy of buying on dips can be considered.
Operational suggestions:
Bitcoin: Buy around 87800-87400
Target: Around 89500
Ethereum: Buy around 2960-2940
