BTCÐ analysis
On the 4-hour K-line, the candle closes as a solid bullish (positive) candle. The closing price is close to the intraday high. Short-term buy-side momentum is strong, and the market’s bullish sentiment has warmed up.
The MACD indicator’s DIF is still below the DEA line, but the two lines continue to converge. The green histogram bars keep shrinking, bearish momentum is continuously weakening, and a golden-cross setup is about to appear.
Trading reference:
Bitcoin (BTC): After stabilizing around 62,800–63,300, consider opening a long position. Target: 64,500–65,000
Ethereum (ETH): After stabilizing around 1,775–1,790, consider opening a long position. Target: 1,830–1,850 $BTC
On the 4-hour K-line, the candle closes as a solid bullish (positive) candle. The closing price is close to the intraday high. Short-term buy-side momentum is strong, and the market’s bullish sentiment has warmed up.
The MACD indicator’s DIF is still below the DEA line, but the two lines continue to converge. The green histogram bars keep shrinking, bearish momentum is continuously weakening, and a golden-cross setup is about to appear.
Trading reference:
Bitcoin (BTC): After stabilizing around 62,800–63,300, consider opening a long position. Target: 64,500–65,000
Ethereum (ETH): After stabilizing around 1,775–1,790, consider opening a long position. Target: 1,830–1,850 $BTC