Crypto Sea Wave: 4.8 Cryptocurrency Market Bitcoin (BTC), Ethereum (Latest Market Analysis and Insights for Tonight

Crypto Sea Wave: 4.8 Bitcoin (BTC) )Market Analysis Reference:
Bitcoin retraced to test support levels as expected last night, stabilized, and then rebounded strongly; this morning, it surged to around 72,700 before pulling back. As of press time, the price is around 71,600. From the BTC daily chart, the current price is above all short- and medium-term moving averages, with EMA20/EMA30 forming key support; Bollinger Bands are expanding, with the price running close to the upper band, which is pulling the price upward. The middle band acts as a critical defense level, reinforcing the medium-term bullish trend. The MACD indicator shows the DIF and DEA lines crossing upward and diverging, with positive and expanding histogram bars, indicating sustained bullish momentum above the zero line. No bearish divergence signals are present, suggesting strong upward trend potential. The KDJ lines are all diverging upward, with the J value entering the overbought zone, reflecting strong short-term bullish strength. Although some correction may be needed due to overbought conditions, the trend remains intact with no reversal signals, continuing to follow the trend. Overall, BTC daily remains bullish, with multiple indicators resonating strongly, and the upward structure intact. Resistance above is at 73,000-73,500, with a breakout potentially targeting the previous high of 76,000; support is at 69,000-69,300, with strong support at 68,600. As long as this level holds, the trend remains unchanged.
From the short-term hourly chart, after a strong surge, the 4-hour timeframe has entered a high-level consolidation phase. Bullish momentum still exists, but the short-term is in overbought territory. Technical indicators show overall strong resonance but also some correction pressure: the moving averages remain bullish, Bollinger Bands are expanding upward, and the price is close to the upper band, which is guiding the price higher; MACD shows DIF and DEA crossing upward above the zero line with sustained momentum, though short-term momentum has slowed slightly without a death cross, so the bullish pattern still dominates. RSI has slightly pulled back from high levels but remains in a strong zone, while the J value in KDJ has entered the overbought zone, indicating a short-term technical correction may be needed. Traders should avoid blindly chasing highs and be alert to rapid corrections caused by overbought conditions, implementing proper risk management. Overall, the market remains bullish but with increased short-term volatility. It is advisable to adopt a cautious approach, waiting for a pullback and stabilization before seeking safer entry points.
Crypto Sea Wave: 4.8 Short-term BTC Reference:
Long positions: buy in the 69,300-70,300 range, stop loss 500 points, target 71,500-72,500,
Short positions: sell in the 73,000-74,000 range, stop loss 500 points, target 72,500-71,500,
Crypto Sea Wave: 4.8 Ethereum (ETH) )Market Analysis Reference:
Ethereum maintains a clear bullish trend on the 4-hour chart, with Bollinger Bands expanding and price close to the upper band; MACD is above the zero line with a golden cross and ample momentum; KDJ and RSI are both in overbought zones, with a solid medium-term upward structure. The 1-hour chart shows high-level stagnation and increasing correction pressure, with MACD histogram shrinking and the lines turning, and KDJ showing a death cross at high levels. RSI has pulled back from overbought levels. Short-term bullish momentum is rapidly diminishing. Despite multi-timeframe resonance supporting a medium-term upward bias, short-term consolidation and correction are expected. The first resistance is at the previous high of 2273; breaking through could target the 2300-2350 zone. Support on the 4-hour chart is near the middle Bollinger band at around 2130, with the 1-hour support at 2200-2220. As long as these levels hold, the upward trend remains intact. Traders can wait for a pullback to support levels to enter long positions, avoiding overbought corrections, and should monitor Bitcoin’s movements to manage risk.
Crypto Sea Wave: 4.8 Short-term ETH Reference:
Short positions: sell in the 2300-2350 range, stop loss 30 points, target 2250-2200,
Long positions: buy in the 2170-2220 range, stop loss 30 points, target 2250-2300,
This content is originally shared by 【Crypto Sea Wave】, representing personal views only. There may be delays in posting. For reference only. Do not operate blindly! Hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. )#BTC突破71000美元 #今日你看涨还是看跌？ $BTC