$BTC $ETH After the evening-market consolidation and shakeout, during the early morning the coin price rebounded rapidly. The bulls continued to push with strength, and in the morning Bitcoin once again surged, climbing above the 79000 level. We are currently in a high-level consolidation phase after the upward move.
On the four-hour timeframe, price continues to trade in the upper-middle Bollinger Band region, and the bullish structure remains intact. After the rally, there has not been a deep pullback. The buying support on the downside remains strong, and after the short-term consolidation completes, there is still an expectation of further upside.
On the hourly chart, a bullish engulfing pattern has formed (yang enveloping yin). Price has regained and held above the mid-band. The adjustment appears to be nearing its end. Going forward, we should maintain a bullish bias and wait for a pullback to set up long entries.
Bitcoin: Place long orders around 78200-78500, targeting 80000-80500.
Ethereum: Place long orders around 2450-2470, targeting 2505-2520.#XRP领跌加密市场跌近7%
On the four-hour timeframe, price continues to trade in the upper-middle Bollinger Band region, and the bullish structure remains intact. After the rally, there has not been a deep pullback. The buying support on the downside remains strong, and after the short-term consolidation completes, there is still an expectation of further upside.
On the hourly chart, a bullish engulfing pattern has formed (yang enveloping yin). Price has regained and held above the mid-band. The adjustment appears to be nearing its end. Going forward, we should maintain a bullish bias and wait for a pullback to set up long entries.
Bitcoin: Place long orders around 78200-78500, targeting 80000-80500.
Ethereum: Place long orders around 2450-2470, targeting 2505-2520.#XRP领跌加密市场跌近7%