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#币安HODLer空投TURTLE According to today's afternoon market observation, Bitcoin and Ethereum are maintaining a net capital inflow status, but the short-term long and short forces are clearly at odds, and the overall market confidence is still in the process of recovery. Currently, the two major mainstream encryption currencies are showing a volatile pattern within a relatively low range, with the fluctuation range gradually narrowing.
Analyzing the 4-hour time period trend of Ethereum, the price is mainly fluctuating slightly within the range of 3750-3850 USD. In terms of technical indicators, the MACD has formed a golden cross below the zero line and is beginning to diverge upward, with the red histogram volume continuously expanding, indicating that buying power is gradually accumulating. However, it is important to note that the double resistance level at the 3900 USD integer mark and the lower edge of the previous consolidation platform still exists. If this area can be effectively broken through, it may open up further upward space; conversely, if it falls below the 3750 USD support level, it may test the key support area around 3700 USD again.
Bitcoin has recently shown significant volatility characteristics, forming an alternating candlestick pattern. Analyzing the 4-hour chart, the price has begun to gradually rise after a previous sharp decline. Although the MACD indicator remains in a dead cross below the zero line, the histogram has started to contract, releasing a potential signal for strengthening. Currently, the $114,000 level constitutes a significant resistance area.
Operation recommendations reference:
Consider placing long positions for Bitcoin around 106800-107500 USD, with target levels focusing on the 109200-109800 USD range.
Ethereum can consider a bullish strategy around the 3780-3820 USD range, with the target set in the 3890-3940 USD area.
$BTC $ETH