Coin Sea Wave: 4.6 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights for Tonight

Coin Sea Wave: 4.6 Bitcoin (BTC) ) Market Analysis and Reference:
After experiencing a narrow consolidation over the weekend, Bitcoin sharply surged this morning, reaching a high of around 70,200 before slightly pulling back. As of the time of writing, the price is trading near 69,700. From the daily chart perspective, a double bottom pattern is forming, with short-term moving averages diverging upward and the price staying above the 30-day moving average, indicating a bullish structure. The Bollinger Bands are narrowing, with the price operating above the middle band, currently in a correction phase with a slight bullish bias. The upper Bollinger Band (72,000) is a key resistance level, while 68,000 (5-day moving average) provides short-term support. The MACD indicator’s fast and slow lines are below zero but diverging upward, with the histogram turning positive, indicating increasing bullish momentum. The RSI is also rising, showing strong short-term buying power. The KDJ indicator’s three lines are high and diverging, with the J value breaking above 100 into the overbought zone. While this suggests strong short-term rebound potential, the overbought condition also raises the risk of a correction. Traders should avoid blindly chasing highs and instead rely on support zones for low-buying opportunities.
From the short-term hourly chart, the 4-hour moving average system shows a bullish alignment, with prices holding above all key averages, confirming a clear short-term uptrend. The Bollinger Bands are widening upward, with the price breaking above the upper band, indicating a strong upward phase. Immediate resistance is at 70,283, with stronger resistance at 72,000. Support levels are at 68,000 (10-day moving average) and 67,500 (middle Bollinger Band). The MACD lines are above zero and diverging sharply upward, with increasing histogram bars, indicating robust bullish momentum and strong upward drive. The RSI and KDJ indicators are in oversold territory, suggesting the rebound may continue, but a technical correction could occur at any time. Focus on whether the 72,000 resistance can be broken effectively. It’s safer to wait for a pullback to support zones before entering low-buy positions.
Coin Sea Wave: 4.6 Bitcoin Short-term Reference:
Long positions: Buy in the 67,500-68,500 range, with a 500-point stop-loss, targeting 69,000-70,000.
Short positions: Short in the 72,000-71,000 range, with a 500-point stop-loss, targeting 70,500-69,500.
Coin Sea Wave: 4.6 Ethereum (ETH) ) Market Analysis and Reference:
From the 4H and 1H charts of Ethereum, although the price is in a mid-term uptrend, the short-term technical indicators are severely overbought, with diminishing bullish momentum. The 4H Bollinger Bands are widening, RSI has broken above 80, and KDJ is turning at high levels. On the 1H chart, KDJ shows a death cross, and MACD volume is decreasing, signaling a potential correction. It is highly likely that the market will enter a correction and recovery phase in the short term. Resistance levels are at 2170-2175 (previous high) and 2200 (psychological level). Support levels are at 2100-2110 (middle Bollinger Band) and 2050-2060 (previous rally start point). The suggested trading strategy is to short at high points and buy at lows, relying on support and resistance zones for entries, with strict stop-loss controls to manage risk.
Coin Sea Wave: 4.6 Ethereum Short-term Reference:
Short positions: Short in the 2,220-2,170 range, with a 30-point stop-loss, targeting 2,150-2,100.
Long positions: Buy in the 2,080-2,110 range, with a 30-point stop-loss, targeting 2,150-2,200.
This content is originally shared by 【Coin Sea Wave】, representing personal views only. There may be delays in publishing, and it is for reference only. Do not operate blindly! We hope everyone stays true to their principles regardless of market fluctuations, maintaining rationality and calmness in their investment journey. #今日你看涨还是看跌？ #加密市场行情震荡 $BTC $ETH