BTC/ETH Silk Sharing on the evening of Monday, the 5th
From the 1-hour chart, the price is currently oscillating upward, repeatedly hovering around the 93,000 level. Technically, the MACD DIF and DEA remain in a golden cross state, with the histogram in the positive zone, indicating that bullish momentum still exists, but the strength appears somewhat hesitant.
Regarding Bollinger Bands, the short-term upper and lower bands can be seen as resistance and support levels, respectively, while the middle band serves as the recent dividing line between bulls and bears. Currently, the price is trading above the middle band, showing a clear bullish trend, and the momentum has not yet been fully released, with further potential for a breakthrough.
If volume increases to break through the upper band resistance, the upward space is likely to open; if it can stabilize above the 93,000 level, the next target could be around 94,500.
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BTC/ETH Silk Sharing on the evening of Monday, the 5th
From the 1-hour chart, the price is currently oscillating upward, repeatedly hovering around the 93,000 level. Technically, the MACD DIF and DEA remain in a golden cross state, with the histogram in the positive zone, indicating that bullish momentum still exists, but the strength appears somewhat hesitant.
Regarding Bollinger Bands, the short-term upper and lower bands can be seen as resistance and support levels, respectively, while the middle band serves as the recent dividing line between bulls and bears. Currently, the price is trading above the middle band, showing a clear bullish trend, and the momentum has not yet been fully released, with further potential for a breakthrough.
If volume increases to break through the upper band resistance, the upward space is likely to open; if it can stabilize above the 93,000 level, the next target could be around 94,500.