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Bitcoin Auntie Evening Analysis
$BTC
Regarding Big Cake, on the 4-hour timeframe the price is ranging above the Bollinger middle band at 77624. The Bollinger Bands overall are gradually narrowing. The MACD green histogram bars keep shortening, but they are still below the zero line. The KDJ indicator is turning upward, moving to around 60; there is short-term corrective/recovery momentum, but resistance is clearly visible around the upper Bollinger band at 79615. On the 1-hour timeframe, the price is pulled back after being capped by the upper Bollinger band at 78454. The MACD red histogram bars are slightly shrinking, and the KDJ indicator’s J value turns down from the overbought zone at 86. Short-term rebound momentum is fading. Bulls and bears repeatedly fight in the 77800-78200 range. In the evening, focus on the resistance zone of 78400-78600 and the support zone of 77300-77500. If the upper band resistance cannot be broken, it is likely to continue a weak, sideways/choppy trend. If support is broken, it may further move downward.
$ETH
Auntie also moves in sync with Big Cake. On the 4-hour timeframe, the price is trading below the Bollinger middle band at 2340. The Bollinger Bands are narrowing, the MACD is still below the zero line, and the KDJ indicator is turning up from a low level. On the 1-hour timeframe, the price falls back after being capped by the upper Bollinger band at 2335. The MACD red histogram bars are shrinking, and the KDJ has turned down from the overbought zone. Short-term rebound momentum is insufficient. Overall, it follows Big Cake’s ranging movement. In the evening, watch the 2335-2340 resistance and the 2298-2300 support.