1.5 Monday midday market analysis. The daily chart shows that Bitcoin is presenting a healthy upward structure with "higher highs and no lower lows," with the price steadily staying above multiple short-term moving averages. The moving average system is in a bullish alignment, providing solid support for the upward movement.
On the 4-hour chart, the MACD has a sustained bullish crossover with expanding red bars, indicating good continuation of bullish momentum. However, as the price approaches resistance at higher levels, the RSI indicator shows a slight upward trend, suggesting a short-term technical pullback is needed. The 92,500 level, which served as an important support zone after a previous breakout, will directly determine the subsequent upward pace based on its ability to hold. The 94,000-95,000 range not only represents a densely contested area from previous battles but also coincides with multiple medium- and long-term moving average resistances. As the key nodes approach, the hourly Bollinger Bands show a "trumpet expansion" pattern: the upper band and middle band are driven higher and diverging steeply, while the lower band is moving downward, with significant divergence among the three lines. This forms a "breakaway from moving average support" false breakout expansion pattern, indicating a strong technical correction back to the midline is needed. BTC trading suggestion: Short at 93,500-94,200, with a stop loss at 94,800, targeting 92,500-91,000. Ethereum (ETH) 3,220-3,250 short, with a stop loss at 3,280, targeting 3,130-3,060.
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
1.5 Monday midday market analysis. The daily chart shows that Bitcoin is presenting a healthy upward structure with "higher highs and no lower lows," with the price steadily staying above multiple short-term moving averages. The moving average system is in a bullish alignment, providing solid support for the upward movement.
On the 4-hour chart, the MACD has a sustained bullish crossover with expanding red bars, indicating good continuation of bullish momentum.
However, as the price approaches resistance at higher levels, the RSI indicator shows a slight upward trend, suggesting a short-term technical pullback is needed. The 92,500 level, which served as an important support zone after a previous breakout, will directly determine the subsequent upward pace based on its ability to hold.
The 94,000-95,000 range not only represents a densely contested area from previous battles but also coincides with multiple medium- and long-term moving average resistances. As the key nodes approach, the hourly Bollinger Bands show a "trumpet expansion" pattern: the upper band and middle band are driven higher and diverging steeply, while the lower band is moving downward, with significant divergence among the three lines. This forms a "breakaway from moving average support" false breakout expansion pattern, indicating a strong technical correction back to the midline is needed.
BTC trading suggestion: Short at 93,500-94,200, with a stop loss at 94,800, targeting 92,500-91,000.
Ethereum (ETH) 3,220-3,250 short, with a stop loss at 3,280, targeting 3,130-3,060.