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Saturday morning BTC/ETH Silk Sharing on the 17th
Four-hour level adjustment shows frequent lower shadow lines on the candlesticks, indicating solid support from the buying side below. The current pullback is a healthy technical correction. The previous large bullish candlestick's starting point is a critical defensive line for the bulls; stabilizing here maintains a strong consolidation pattern. The phase of correction is actually a preparation for subsequent upward movement, and the overall strong structure remains unchanged. The hourly level has gradually digested overbought pressure; short-term oscillations are easing, but the upward trend remains clear. Intraday trading advice: buy on dips.
Trading suggestions:
Bitcoin retracement to 94800-95300 range to buy, target 97400
Ethereum retracement to 3250-3270 range to buy, target 3390