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The cryptocurrency market has shown a positive trend in the past 24 hours. Bitcoin's price experienced significant fluctuations, reaching a high of $115,302 and a low of $113,155, overall presenting a volatile upward trend. Ethereum also performed actively, with prices fluctuating between $4,300 and $4,481.
On Friday, the market opened with stable conditions in the early hours, and the prices of major cryptocurrencies steadily rose without any significant trend changes. However, investors still need to closely monitor key support and resistance levels to adjust their investment strategies in a timely manner.
From a technical analysis perspective, the 4-hour candlestick chart shows that both Bitcoin and Ethereum are closely attached to the upper Bollinger Band, exhibiting a fluctuating upward trend. The MACD indicator shows that the death cross continues above the zero line, but the green momentum bars are shrinking, which may indicate that there could be changes in the market during the afternoon.
The RSI indicator is currently in the overbought zone, indicating that there is still room for price increases in the short term, but it also means that the probability of a correction is relatively high. After the three lines of the KDJ indicator converge at a high position, the J line starts to diverge upwards, suggesting that there may be another wave of upward movement in the early session.
Despite the market showing positive signals, investors still need to remain cautious. Overly chasing after rising prices may bring risks, and it is advised to consider multiple factors comprehensively when making investment decisions to avoid blindly following the trend. Closely monitor market changes and adjust strategies in a timely manner to seize opportunities in this cryptocurrency market full of opportunities and challenges.