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Market Analysis: In the afternoon, BTC and ETH maintain a steady upward consolidation; bullish momentum continues to accumulate
The market continues its stable upward consolidation structure. BTC and ETH show strong momentum and impressive upward continuity, with bullish sentiment on the rise.
From a technical perspective, the Bollinger Bands of the two major cryptocurrencies are expanding into a "megaphone" shape, with prices operating in the middle to upper band range, indicating accumulating upward momentum. Afternoon bullish candles dominate, with bulls in control; intraday pullbacks are limited and have not broken the middle band, showing strong support below and a healthy trend.
Reference Strategy:
BTC: Watch for stabilization at the 93000 support level in conjunction with trading volume; monitor the strength of the 95000 resistance breakout above.
ETH: After stabilizing on the 3040 pullback, track the impact on the 3120 resistance and validate with increased volume.
The overall upward consolidation structure remains intact. In the short term, follow the trend, focusing on the battle between support and resistance and price-volume resonance. #BTC #ETH