In the afternoon, the market showed a volatile consolidation trend. Bitcoin entered a consolidation and accumulation phase after reaching a high of 107500, while Ethereum similarly maintained a sideways consolidation pattern after touching around 2460. Analysis of the 4-hour chart shows that after experiencing a strong rebound with four consecutive bullish lines, the intraday market has broken out from the lower band of the Bollinger Bands to the upper middle band. Each 4-hour Candlestick has maintained a good bullish line shape, and the Closing Price has consistently held above the high point of the previous Candlestick. Although the current market rebound seems exciting, it essentially still belongs to the category of technical repair after a previous deep adjustment. Trading Volume has shown a gentle increase but has not yet broken through the key resistance level's volume standard. While the technical indicators have improved somewhat, the MACD is still hovering below the zero line. The upward movement of long positions has slowed, and the bearish outlook is maintained for the evening.
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In the afternoon, the market showed a volatile consolidation trend. Bitcoin entered a consolidation and accumulation phase after reaching a high of 107500, while Ethereum similarly maintained a sideways consolidation pattern after touching around 2460. Analysis of the 4-hour chart shows that after experiencing a strong rebound with four consecutive bullish lines, the intraday market has broken out from the lower band of the Bollinger Bands to the upper middle band. Each 4-hour Candlestick has maintained a good bullish line shape, and the Closing Price has consistently held above the high point of the previous Candlestick. Although the current market rebound seems exciting, it essentially still belongs to the category of technical repair after a previous deep adjustment. Trading Volume has shown a gentle increase but has not yet broken through the key resistance level's volume standard. While the technical indicators have improved somewhat, the MACD is still hovering below the zero line. The upward movement of long positions has slowed, and the bearish outlook is maintained for the evening.