1.7 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current trend structure, the daily chart bullish pattern remains stable, with prices continuously trading in the strong zone of the upper Bollinger Band. The short-term EMA moving averages provide solid support, while the MACD histogram continues to expand, with both lines diverging upward, indicating that the medium to long-term upward momentum has not yet exhausted. Although the KDJ indicator has entered the overbought zone and a short-term technical correction is needed, the overall trend logic remains unchanged. The pullback is likely to present a buying opportunity on dips.

In the 4-hour cycle, after a high-level retreat, the price entered a consolidation phase. Although the MACD lines formed a death cross above the zero line, the key support level at 92,000 has not been touched. Additionally, the KDJ and RSI indicators have retreated from high levels, releasing some pressure. The current consolidation can be viewed as a normal correction within an upward process. Focus on the support strength near the middle band of the Bollinger, and if it stabilizes, the upward momentum may resume.

The shorter 1-hour cycle has already shown positive signals: the price rebounded consecutively from the low of 91,200, successfully breaking through the middle Bollinger Band resistance. The KDJ and MACD indicators have formed golden crosses and are diverging upward simultaneously. The MACD histogram has shifted from green to red, and both lines have turned positive, indicating that the short-term rebound momentum is strengthening. The hourly structure has shifted to a bullish buildup phase.

Overall, based on the long-term upward trend, the market has experienced a short-term technical correction and indicator repair. Currently, the 1-hour cycle has issued a rebound signal first. If the price can stabilize and consolidate at key support levels, the bullish momentum is likely to resonate across various cycle levels, continuing the trend. It is recommended to focus on the support validity during the pullback, seize structural low-entry opportunities, and align with the medium to long-term trend direction for deployment.