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HappyNewYear

· 05-15 06:46

From the perspective of Technical Analysis on the daily chart, the current market is in a consolidation phase. Yesterday's Candlestick closed as a small Bearish line, but the lower wick is relatively long, indicating strong buying power below. The Bollinger Bands are gradually flattening, suggesting that the market has entered an adjustment and accumulation phase. It is worth noting that in the last three trading days, the Candlesticks have frequently shown long lower wicks, with alternating Bullish and Bearish Candlesticks, and each time the pullback low has been increasingly higher. This series of signals indicates that long positions are gaining the upper hand in the Bull vs Bear Battle, making it difficult for short positions to form a sustained downtrend, with the market's ability to recover quite strong.
Observing from the four-hour level, the price quickly rebounded after a brief dip following two Bearish lines, and the support level has clearly moved up, suggesting strengthened buying power below. In summary, Bitcoin is likely to continue its oscillating upward trend, seeking a breakthrough after sufficient accumulation. In the short term, it is expected that the price may first experience a slight pullback, and then again accumulate upward momentum to challenge the upper resistance level.
BTC is favored between 102500 - 103000, targeting around 104500;
Ether can be favored between 2550-2580, targeting around 2700.
#ETH突破2700美元#

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