Coin Sea Wave: 4.7 Cryptocurrency Market Bitcoin (BTC), Ethereum (Latest Market Analysis and Insights for Tonight, Reference Only

Coin Sea Wave: 4.7 Bitcoin (BTC) )Market Analysis and Reference:
Yesterday, Bitcoin oscillated upward and broke through the 70k level, but the bulls failed to sustain the upward momentum, and the price subsequently faced resistance and pulled back. On the daily chart, the candlesticks have formed three consecutive spinning top lines with upper and lower shadows, Bollinger Bands continue to contract and flatten, and the price is operating above the middle band, maintaining a range-bound oscillation pattern. The upper band resistance is at 71,600. Regarding indicators, the MACD lines are forming a bullish crossover below the zero line, with the histogram gradually enlarging, indicating that the bearish momentum is gradually releasing, while the bullish strength continues to accumulate, and the medium-term rebound momentum is strengthening; RSI three lines are rising in unison and breaking above the 50 neutral line, showing bullish sentiment is warming up, and the price is in a relatively strong oscillation zone, not yet entering overbought territory, leaving room for further upside; however, the KDJ indicator's J line has entered the overbought zone, suggesting a short-term technical correction may be needed. Overall, BTC daily chart shows a oscillating but relatively strong pattern with bulls in control, and the medium-term rebound structure remains intact. For subsequent operations, the short-term support is at the Bollinger Bands middle line at 68,400, and the key resistance is near 71,600. A successful breakout above this level could open further upside space.
From the short-term hourly chart, the 4-hour EMA lines remain in a full bullish arrangement, with the price holding above the short-term moving averages and relying on the EMA30 for strong support. The Bollinger Bands, which widened during the recent price rally, are now opening upward, with the lower band continuously rising. The price remains above the middle band, currently in a short-term consolidation phase, and the overall upward trend has not been broken. The MACD lines are above zero but the histogram is shrinking, indicating that the bullish upward momentum is slowing down; RSI three lines have fallen back to the neutral 50 zone, not yet entering overbought; meanwhile, the KDJ lines have formed a death cross downward, with the J line entering the oversold zone, confirming a short-term technical correction may be needed. In summary, BTC on the 4-hour chart is in a high-level oscillation within an upward trend, with the medium-term bullish structure intact and the short-term mainly consolidating after a pullback. The first resistance zone is at 70,000-70,300 (previous high combined with Bollinger Band upper band), and strong support is near the EMA30 and the middle Bollinger Band at around 68,200. It is recommended to buy on dips at support levels for safer entries.
Coin Sea Wave: 4.7 Short-term Bitcoin Reference:
Long position: Buy in the 67,500-68,300 range, stop loss 500 points, target 69,000-70,000.
Short position: Sell in the 69,500-70,500 range, stop loss 500 points, target 68,500-67,500.
Coin Sea Wave: 4.7 Ethereum (ETH) )Market Analysis and Reference:
From the 4-hour and 1-hour dual-cycle technical analysis of Ethereum, the 4-hour chart shows a price rally followed by a pullback, trading between the middle and upper Bollinger Bands, with the upper band acting as a significant resistance; the MACD histogram is shrinking, and the DIF has shown signs of a dead cross at high levels, while RSI and KDJ are both falling from high levels, indicating that the bullish momentum in the wave is weakening, and the upward continuation is insufficient. On the 1-hour chart, the price has fallen below the Bollinger middle band, MACD lines have broken below zero, and KDJ and RSI are both turning downward from high levels, with short-term bearish momentum continuing to release, increasing correction pressure. Based on multi-cycle indicator resonance, ETH is likely to experience a short-term oscillation and pullback, testing support at 2080-2100; if it breaks below 2080, further decline to 2050-2060 is possible; if support holds, a stabilization and rebound are expected. It is advised to buy on dips at lower levels.
Coin Sea Wave: 4.7 Ethereum Short-term Reference:
Short position: Sell in the 2000-2160 range, stop loss 30 points, target 2120-2060.
Long position: Buy in the 2050-2090 range, stop loss 30 points, target 2100-2170.
This content is originally shared by 【Coin Sea Wave】, opinions are personal, and 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. )#Strategy再增持4871枚BTC #今日你看涨还是看跌？ $BTC #加密市场行情震荡