Brief Analysis of Recent Bitcoin and Ethereum Market Trends

From Saturday to 8:26 this morning, Bitcoin and Ethereum generally moved in a volatile upward trend, steadily rising. Ethereum has already broken through the 2300 resistance level strongly, reaching above 2360 at its peak. Bitcoin also moved higher in tandem, maintaining a solid bullish structure overall.

In terms of macro environment, the situation in the Middle East's Hormuz Strait remains tense, with ongoing escalation of maritime confrontations between the US and Iran. The risk aversion sentiment continues to rise, with gold also remaining strong at high levels, providing solid support for the crypto market bottom. The market cannot fall further. However, on the other hand, the Federal Reserve's rate cut expectations have been delayed, keeping the US dollar relatively strong, which suppresses rapid market gains. Therefore, the overall market pattern is one of risk aversion with policy resistance, moving in a slow, oscillating upward trend.

From a technical perspective, both Bitcoin and Ethereum are in a bullish alignment across all moving averages, with short-term prices firmly above each line, and the medium-term upward trend remains intact. The candlestick patterns show consecutive support from lower shadows, indicating buying interest on pullbacks, and there is no significant selling pressure to crash the market.

Regarding volume, these days show a healthy bullish pattern of breakout with increased volume and pullback with decreased volume. The upward movement is supported by volume, and the pullbacks are not accompanied by panic selling, indicating genuine capital inflow rather than false or manipulated gains. The MACD on daily and 4-hour charts remains above the zero line, with red bars continuing the bullish momentum. There is no top divergence or death cross, and the bullish momentum is sufficient. There are no signs of short-term pullback or weakening.

Overall, Ethereum's trend is stronger than Bitcoin's, having successfully broken through key resistance levels with more robust upward momentum. In the near future, the market is expected to continue oscillating with a slight bullish bias. Pullbacks are opportunities for low-entry points. As long as the Middle East situation does not cool down and the technical bullish structure remains, the market will not experience a major decline. In the short term, Bitcoin is expected to test higher levels, aiming for previous highs, while Ethereum continues to push toward the 2400 level. Trading should mainly follow the long side, with strict position control, and wait for further developments from the Federal Reserve and Middle East tensions to guide the market direction.