Today, BTC experienced a pullback in the early morning, dropping to around 105200 in comparison, then stabilizing here. After entering the early trading, the market welcomed a rebound as expected, with prices rising all the way. After reaching a high of 106720, it fell under pressure and is currently oscillating in a narrow range. ETH and BTC are moving in sync, with ETH stabilizing quickly after a low pullback near 2187 in the early morning and rising to a high of around 2481 in the early trading but facing resistance. The current market is consolidating around 2440.
From the perspective of Pan Technology analysis, the daily chart shows a typical 'head and shoulders' pattern, with the candlesticks closing higher for two consecutive days, and the price comparison continuously running above the Bollinger Bands' midline, indicating strong bullish momentum. On the four-hour chart, the candlesticks form a 'stair-step rising' pattern, with the bottom support level continuously moving up, forming a standard ascending channel. The Bollinger Bands are continuously expanding, and the price comparison oscillates upwards along the upper band. It is worth noting that the KDJ indicator is forming a high-level flattening in the overbought zone, suggesting a potential technical correction in the short term. In the recent rising phase, the energy has gradually increased, while during the correction phase, the volume has noticeably decreased, following a healthy trend of 'price rises with increasing volume, price falls with decreasing volume.' Combining wave theory analysis, we are currently in the extension stage of the third primary uptrend, so we can still maintain a bullish stance, pay attention to the potential correction areas in the future, manage risks properly, and be flexible when necessary. BTC106000 near the target to see 107500; Ether2400-2410 near the target to see around 2500 #BTC ,
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Today, BTC experienced a pullback in the early morning, dropping to around 105200 in comparison, then stabilizing here. After entering the early trading, the market welcomed a rebound as expected, with prices rising all the way. After reaching a high of 106720, it fell under pressure and is currently oscillating in a narrow range. ETH and BTC are moving in sync, with ETH stabilizing quickly after a low pullback near 2187 in the early morning and rising to a high of around 2481 in the early trading but facing resistance. The current market is consolidating around 2440.
From the perspective of Pan Technology analysis, the daily chart shows a typical 'head and shoulders' pattern, with the candlesticks closing higher for two consecutive days, and the price comparison continuously running above the Bollinger Bands' midline, indicating strong bullish momentum. On the four-hour chart, the candlesticks form a 'stair-step rising' pattern, with the bottom support level continuously moving up, forming a standard ascending channel. The Bollinger Bands are continuously expanding, and the price comparison oscillates upwards along the upper band. It is worth noting that the KDJ indicator is forming a high-level flattening in the overbought zone, suggesting a potential technical correction in the short term. In the recent rising phase, the energy has gradually increased, while during the correction phase, the volume has noticeably decreased, following a healthy trend of 'price rises with increasing volume, price falls with decreasing volume.' Combining wave theory analysis, we are currently in the extension stage of the third primary uptrend, so we can still maintain a bullish stance, pay attention to the potential correction areas in the future, manage risks properly, and be flexible when necessary.
BTC106000 near the target to see 107500; Ether2400-2410 near the target to see around 2500 #BTC ,