🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Ethereum 【Price Trend Analysis】
1. K-line pattern:
- The price has fluctuated in the range of 3400 to 3500 recently, forming a more obvious oscillating consolidation area.
- There was a rapid rise since July 15th (from 3243.52 to 3481.62), followed by a consolidation at a high level.
2. Technical indicators:
- MACD: The 4-hour period MACD fast and slow lines are running above the zero axis, but there are signs of a rebound, indicating a weakening of short-term bullish momentum. The daily MACD is still in the positive zone, and the bullish trend remains unchanged.
- RSI: The 4-hour RSI is close to 60, not yet in overbought territory, but at a relatively high level; the daily RSI fluctuates between 50-70, indicating a predominantly bullish market sentiment but not extreme.
- EMA: The current price is above EMA7 and EMA30, indicating a positive short-term trend; EMA120 is much lower than the current price, suggesting a bullish long-term trend.
3. Trading Volume:
- During July 16th to 18th, the Trading Volume significantly increased, especially on July 16th with a large bullish candle accompanied by a large amount of transactions, showing strong buying pressure.
- In recent trading days, the Trading Volume has decreased, indicating that the market may enter a wait-and-see state, waiting for new directional guidance.