The 4-hour structure is still bullish, but you’ll notice that after surging to 93,932, it didn’t continue to accelerate and instead started to consolidate sideways with small candles—this is a typical post-surge correction. This phase is most prone to wick-outs and shakeouts. If you chase, it pulls back; if you hold, it chops and grinds.
Keep an eye on the 92,800–92,500 support area. If the pullback holds, watch for a second push to 93,600–93,950. If there’s a 1H breakout with volume and it holds above 94,000, there’s a chance for an upside move to 94,500–95,000.
ETH The 4-hour trend has turned stronger, with a continuously increasing MACD showing bulls are in control, but both the 1-hour and 4-hour indicators are at high levels, so short-term sentiment is overheated—most likely to see choppy action around 3,050–3,100. Tonight, just focus on two things: if it can’t hold above 3,085–3,100, only if it stands firm is there a chance to test 3,140–3,150. On the downside, see if 3,000–2,995 can hold; if not, be prepared for a pullback to around 2,965. Do not chase highs in execution; wait for a pullback to 3,030–3,020 to go long for more stability. If it faces resistance near 3,100, only take quick short trades for a drop and exit fast. $BTC
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BTC
The 4-hour structure is still bullish, but you’ll notice that after surging to 93,932, it didn’t continue to accelerate and instead started to consolidate sideways with small candles—this is a typical post-surge correction. This phase is most prone to wick-outs and shakeouts. If you chase, it pulls back; if you hold, it chops and grinds.
Keep an eye on the 92,800–92,500 support area. If the pullback holds, watch for a second push to 93,600–93,950. If there’s a 1H breakout with volume and it holds above 94,000, there’s a chance for an upside move to 94,500–95,000.
ETH
The 4-hour trend has turned stronger, with a continuously increasing MACD showing bulls are in control, but both the 1-hour and 4-hour indicators are at high levels, so short-term sentiment is overheated—most likely to see choppy action around 3,050–3,100. Tonight, just focus on two things: if it can’t hold above 3,085–3,100, only if it stands firm is there a chance to test 3,140–3,150. On the downside, see if 3,000–2,995 can hold; if not, be prepared for a pullback to around 2,965. Do not chase highs in execution; wait for a pullback to 3,030–3,020 to go long for more stability. If it faces resistance near 3,100, only take quick short trades for a drop and exit fast. $BTC