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Recently, the Crypto Assets market has shown a positive trend. Bitcoin, although relatively underperforming, still maintains an overall favorable trend. From the 4-hour chart, the MACD indicator has formed a death cross below the zero line, which may indicate an increase in buying power. The continuous expansion of the green energy bars also confirms this viewpoint. At the same time, the RSI indicator has issued a relatively clear buy signal. Although the KDJ three lines are converging, it is not enough to change the current pump trend.
Hourly analysis shows that Bitcoin's technical indicators are in a neutral position, with no clear signals guiding the market. However, the price continues to rise slowly but steadily. In contrast, Ethereum performs stronger on the hourly chart, maintaining a strong trend from the 4-hour chart and driving Bitcoin's rise.
For the upcoming market trend, it is recommended to continue monitoring the performance of Ethereum. Conservative investors may consider waiting for a pullback before entering the market. It is noteworthy that Bitcoin may show a pump in the range of 113,500 to 114,300, with upper targets looking towards the 115,500 to 116,800 area. Regarding Ethereum, the range of 4,560 to 4,620 may present a good buying opportunity, with upper targets expected in the 4,800 to 4,900 area.
It is important to emphasize that the Crypto Assets market is rapidly changing, and investors should closely monitor real-time market conditions and make decisions based on their individual risk tolerance. This analysis is for reference only and does not constitute investment advice. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.