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Wednesday, 28th Midday Bitcoin / Ethereum Silk Road
Bitcoin and Ethereum, as expected, are on the rise and have now entered a consolidation phase. A pullback presents a buying opportunity.
From a technical perspective, the four-hour MA is about to cross above the monthly line to form a golden cross. The MACD green bars continue to expand, and Ethereum is also repeatedly testing the upper band of the Bollinger Bands, with the bulls clearly in control.
Personal suggestions:
Bitcoin can move north around 88,500-87,600, with targets of 90,500-91,300.
Ethereum can move north around 2,980-2,950, with targets of 3,080-3,120.