The current market for Bitcoin (BTC) and Ethereum (ETH) remains in a volatile and slightly bullish pattern.
Technical signals: Bitcoin (BTC): The candlestick closed slightly positive, indicating a brief balance between bulls and bears. The MACD indicator is showing a death cross below the zero line, with shrinking green bars, suggesting weakening bearish momentum. The RSI indicator is approaching the overbought zone, indicating a short-term technical rebound. The KDJ indicator's J value is low, leaving room for a rebound correction. Support levels are at 70,000-70,500.
Bitcoin🫓BTC 70,000-70,500 long, target 71,500-72,000. After breaking through, watch for 72,500-73,000.
Ethereum (ETH): Closed with a small positive candle, with price fluctuating narrowly, showing a bullish engulfing pattern, indicating a possible market rebound. The daily Bollinger Bands are narrowing, with the price below the middle band, reflecting neutral market sentiment. Support levels are at 2,050-2,060.
Ethereum ETH 2,050-2,080 long, target 2,100-2,150. After breaking through, watch for 2,200-2,250.
For real-time market data and precise levels, please refer to Ziqing's live trading tips.
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Thursday🗓️ "February 5th" Evening Benefits
The current market for Bitcoin (BTC) and Ethereum (ETH) remains in a volatile and slightly bullish pattern.
Technical signals:
Bitcoin (BTC): The candlestick closed slightly positive, indicating a brief balance between bulls and bears. The MACD indicator is showing a death cross below the zero line, with shrinking green bars, suggesting weakening bearish momentum. The RSI indicator is approaching the overbought zone, indicating a short-term technical rebound. The KDJ indicator's J value is low, leaving room for a rebound correction. Support levels are at 70,000-70,500.
Bitcoin🫓BTC 70,000-70,500 long, target 71,500-72,000. After breaking through, watch for 72,500-73,000.
Ethereum (ETH): Closed with a small positive candle, with price fluctuating narrowly, showing a bullish engulfing pattern, indicating a possible market rebound. The daily Bollinger Bands are narrowing, with the price below the middle band, reflecting neutral market sentiment. Support levels are at 2,050-2,060.
Ethereum ETH 2,050-2,080 long, target 2,100-2,150. After breaking through, watch for 2,200-2,250.
For real-time market data and precise levels, please refer to Ziqing's live trading tips.