$BTC ｜2 hours
BTC finally pushed through the $80,000 level today, but after doing so, it also looks a bit tired.
On the 2-hour timeframe, momentum is still somewhat excessive. $78,000–78,500 is the first key support for the short term. If that holds, it can reclaim $80,000, and then the next target to watch is $81,200–82,000.
If $78,000 breaks down, be careful of a pullback to $76,000–77,000.
In terms of indicators: short-term momentum is still strong, but after this rapid surge, it’s clearly overheated. What’s needed now is sideways consolidation to digest the move, not a string of daily green candles.
My view: the trend hasn’t broken, but don’t get too overexcited in the short term.
⸻
ETH｜2 hours
ETH is still trading above $2,450, and the structure is much more comfortable than in the past few days.
On the upside, first watch $2,530–2,550. After a breakout, then look at $2,600. On the downside, pay close attention to $2,450–2,470. As long as this area holds, the bullish structure for the short term is still intact.
As for indicators: this leg of ETH’s rise is clearly outperforming BTC, but the RSI has already entered a high zone, suggesting a short-term cooling-off is needed. Today ETH’s high came close to $2,545, and it’s still consolidating near the highs.
So right now, ETH looks like:
The trend is very strong, and the price is very hot.
BTC is responsible for the breakout, ETH is responsible for the acceleration. Together, the last two signals tell retail traders:
“Are you only thinking of boarding now?”
#BTC
BTC finally pushed through the $80,000 level today, but after doing so, it also looks a bit tired.
On the 2-hour timeframe, momentum is still somewhat excessive. $78,000–78,500 is the first key support for the short term. If that holds, it can reclaim $80,000, and then the next target to watch is $81,200–82,000.
If $78,000 breaks down, be careful of a pullback to $76,000–77,000.
In terms of indicators: short-term momentum is still strong, but after this rapid surge, it’s clearly overheated. What’s needed now is sideways consolidation to digest the move, not a string of daily green candles.
My view: the trend hasn’t broken, but don’t get too overexcited in the short term.
⸻
ETH｜2 hours
ETH is still trading above $2,450, and the structure is much more comfortable than in the past few days.
On the upside, first watch $2,530–2,550. After a breakout, then look at $2,600. On the downside, pay close attention to $2,450–2,470. As long as this area holds, the bullish structure for the short term is still intact.
As for indicators: this leg of ETH’s rise is clearly outperforming BTC, but the RSI has already entered a high zone, suggesting a short-term cooling-off is needed. Today ETH’s high came close to $2,545, and it’s still consolidating near the highs.
So right now, ETH looks like:
The trend is very strong, and the price is very hot.
BTC is responsible for the breakout, ETH is responsible for the acceleration. Together, the last two signals tell retail traders:
“Are you only thinking of boarding now?”
#BTC