10.4 BTC/ETH Latest Analysis
The Bollinger Bands indicate that Bitcoin is firmly above the middle band, with strong support at the middle band. The upper band continues to rise and is opening upwards, and the momentum remains strong!
On the MACD front, the short-term death cross is merely a technical pullback, with the DIF and DEA still above the zero axis, and the momentum base remains intact.
From the 1-hour perspective, the short-term pullback of Bitcoin is a healthy correction within the upward process. The rising trend remains intact with support at the middle band, and it is expected to continue rising towards the middle band, with a subsequent target of breaking through the 100,000 mark.
BTC: Around 92000-92550, with a target upwards looking at around 93100-93800, a break would target 95000.
ETH: Around 3100-3140, with a target upwards looking at around 3170-3200, a break would target 3300.
