📊 Technical Analysis: ▪️ The 4-hour chart of BTC shows a key long upper shadow, reaching a high of 112500 before retreating, entering a high-level consolidation phase. ▪️ The 4-hour MACD red bars continue to shorten, with the fast and slow lines gradually converging, indicating a significant weakening of bullish momentum. ▪️ Although the daily MACD remains in the red, a top divergence warning signal has appeared, highlighting short-term pullback pressure.
▪️ ETH is synchronizing with the market sentiment, entering a phase of high-level consolidation. Technically, it is linked with BTC, and in the short term, it is also inclined towards a correction trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
[9.4 Morning Market Analysis | BTC & ETH]
📉 BTC trading advice:
🔸 Range: 112000-112800 Short
🔸 Target range: 110300-109800
📉 Two-piece (ETH) operation suggestions:
🔸 Range: 4520-4480 Short
🔸 Target range: 4430-4400
📊 Technical Analysis:
▪️ The 4-hour chart of BTC shows a key long upper shadow, reaching a high of 112500 before retreating, entering a high-level consolidation phase.
▪️ The 4-hour MACD red bars continue to shorten, with the fast and slow lines gradually converging, indicating a significant weakening of bullish momentum.
▪️ Although the daily MACD remains in the red, a top divergence warning signal has appeared, highlighting short-term pullback pressure.
▪️ ETH is synchronizing with the market sentiment, entering a phase of high-level consolidation. Technically, it is linked with BTC, and in the short term, it is also inclined towards a correction trend.