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Wednesday, 2.25, Midday Bitcoin / Ethereum Market Analysis
On the four-hour chart, influenced by US tariffs, Bitcoin dipped to 62,400. After market sentiment eased, it quickly surged to 66,000. Currently, the market is in a fierce stalemate. Technical indicators show that the MACD has formed a golden cross. Although the Bollinger Band middle line is exerting some pressure compared to the price, there are signs of a potential breakout.
On the daily chart, Ethereum's trend is still in sideways consolidation, but a doji at the bottom has appeared. Both the KDJ and RSI indicators are in oversold territory and are forming golden crosses, indicating that Ethereum is about to gain momentum.
Personal suggestions:
Bitcoin can move north around 63,000-64,000, targeting 66,000-67,000.
Ethereum can move north around 1,800-1,850, targeting 2,000-2,050.