Looking at Bitcoin: The 4-hour chart shows a classic two-downward candles followed by an upward candle reversal signal. What does this mean? The price is steadily rising near a key support level, while trading volume is accumulating—this usually indicates that funds are quietly entering the market. Additionally, examining the MACD indicator, a volume-increasing red histogram appears below the zero line, showing clear signs of bullish reversal, and the medium to long-term upward trend has basically been confirmed.
Switching to the 1-hour chart, after hitting the bottom in the early morning, the price started oscillating upward, currently in a consolidation phase. Volatility is narrowing, but the price is steadily rising—this indicates limited pullbacks, and the bullish momentum has not weakened.
**Reference Trading Ideas:**
Bitcoin can be considered for long positions around 85,000, with a target of 86,500.
Ethereum around 2,900 can consider long positions, with a target of 3,150.
Market risks always exist, and position management is crucial.
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#大户持仓变化 【Mid-Day Technical Overview】
Looking at Bitcoin: The 4-hour chart shows a classic two-downward candles followed by an upward candle reversal signal. What does this mean? The price is steadily rising near a key support level, while trading volume is accumulating—this usually indicates that funds are quietly entering the market. Additionally, examining the MACD indicator, a volume-increasing red histogram appears below the zero line, showing clear signs of bullish reversal, and the medium to long-term upward trend has basically been confirmed.
Switching to the 1-hour chart, after hitting the bottom in the early morning, the price started oscillating upward, currently in a consolidation phase. Volatility is narrowing, but the price is steadily rising—this indicates limited pullbacks, and the bullish momentum has not weakened.
**Reference Trading Ideas:**
Bitcoin can be considered for long positions around 85,000, with a target of 86,500.
Ethereum around 2,900 can consider long positions, with a target of 3,150.
Market risks always exist, and position management is crucial.