Bitcoin surged strongly to around 74,444 in the morning and entered consolidation at high levels. Market bullish sentiment remains dominant, but divergence at high levels is increasing, and short-term volatility has significantly intensified.
On the 4-hour chart, price is operating along the upper band of the Bollinger Bands, with short-term moving averages simultaneously diverging upward, forming a standard bullish alignment, with a clear medium-term uptrend. This pullback has not effectively broken below the middle band support of the Bollinger Bands, with strong bullish support momentum and no trend reversal signals yet.
Recent K-lines have been consecutively closing positive, but frequently exhibit long upper wicks, with increased selling pressure at high levels and widening bullish-bearish divergence. Bullish pull-up momentum has slowed somewhat, with short-term profit-taking pullbacks and consolidation needs. The chart has not yet shown clear bearish engulfing or bearish divergence patterns. Combined with the Bollinger Bands opening and expanding upward, the medium-term bullish structure remains unchanged, with potential for rallies higher after pullbacks and stabilization.
BTC: Pullback to 73,400—72,600 longs, target 75,000—77,000
ETH: Pullback to 2,240—2,200 longs, target 2,330—2,400$BTC $ETH
Bitcoin surged strongly to around 74,444 in the morning and entered consolidation at high levels. Market bullish sentiment remains dominant, but divergence at high levels is increasing, and short-term volatility has significantly intensified.
On the 4-hour chart, price is operating along the upper band of the Bollinger Bands, with short-term moving averages simultaneously diverging upward, forming a standard bullish alignment, with a clear medium-term uptrend. This pullback has not effectively broken below the middle band support of the Bollinger Bands, with strong bullish support momentum and no trend reversal signals yet.
Recent K-lines have been consecutively closing positive, but frequently exhibit long upper wicks, with increased selling pressure at high levels and widening bullish-bearish divergence. Bullish pull-up momentum has slowed somewhat, with short-term profit-taking pullbacks and consolidation needs. The chart has not yet shown clear bearish engulfing or bearish divergence patterns. Combined with the Bollinger Bands opening and expanding upward, the medium-term bullish structure remains unchanged, with potential for rallies higher after pullbacks and stabilization.
BTC: Pullback to 73,400—72,600 longs, target 75,000—77,000
ETH: Pullback to 2,240—2,200 longs, target 2,330—2,400$BTC $ETH