Market Overview
As we enter a new trading week, Bitcoin (BTC) and Ethereum (ETH) show promising signs of bullish reversal following last week's consolidation. The cryptocurrency market appears poised for potential upside movement, provided key support levels hold.
Bitcoin Technical Analysis
Weekly Chart:
- Last week closed with a Doji candlestick pattern, indicating market indecision
- MA5 moving average continues flattening while MA10 shows slight upward momentum
- Key support at MA10 (¥101,500) remains crucial for maintaining bullish structure
Daily Chart:
- BTC opened lower but has since recovered positively
- Price currently testing MA30 resistance zone
- MACD shows diminishing bearish momentum in oversold territory
- TD Sequential indicator completed TD9 count on 12-hour chart, suggesting reversal potential
4-Hour Chart:
- Price broke above Bollinger Band upper limit
- MA5 and MA10 demonstrate bullish crossover
Technical indicators show positive convergence:
- MACD histogram trending upward
- KDJ displaying bullish momentum
Ethereum Technical Analysis
ETH continues to mirror BTC's movements but typically lags by 1-2 market cycles:
Key Levels:
- Resistance: ¥2,670-¥2,780
- Support: ¥2,560-¥2,500
Price Action:
- Current movement shows gradual upward channel formation
- Technical indicators suggest continued sideways-to-bullish momentum
Trading Strategy
Bitcoin Trade Setup
👉 Best entry points for Bitcoin today
Primary Approach: Focus on long positions with cautious short opportunities
Support Zone: ¥106,000 (critical level)
- Bullish confirmation if held
- Potential V-shaped reversal upon consolidation
Entry Levels:
- Long: ¥106,200-¥105,500
- Targets: ¥107,500-¥108,500
- Stop-loss: ¥105,300
Resistance Areas:
- Immediate: ¥108,500
- Secondary: ¥110,500
Ethereum Trade Setup
Optimal Entry Range: ¥2,580-¥2,550
Targets: ¥2,640-¥2,680
Stop-loss: ¥2,520
Market Psychology Considerations
Current conditions suggest:
- Low trading volumes increase volatility risk
- Potential for whipsaw price action
- Need for patience in position management
FAQ Section
Q: Why is ¥106,000 important for Bitcoin?
A: This level represents both psychological support and a technical confluence zone from multiple timeframes. Holding above it confirms buyer strength.
Q: How reliable is the TD Sequential indicator?
A: While no indicator is perfect, TD9 counts on higher timeframes (4h+) have shown approximately 72% accuracy in predicting reversals in crypto markets.
Q: What's causing Ethereum's lag behind Bitcoin?
A: ETH typically follows BTC's lead in market cycles due to Bitcoin's dominance and larger liquidity pools affecting price discovery.
Q: Should I wait for a pullback before entering?
A: Yes, given the current overextension beyond MA5, we recommend waiting for price to retest support levels before entering new positions.
Risk Management Notes
- Always use stop-loss orders
- Position size appropriately (1-2% risk per trade)
- Avoid overtrading during low-volume periods
👉 Secure your trading positions now
Remember that technical analysis works best when combined with fundamental understanding and proper risk management. Markets can change rapidly, so always verify conditions before executing trades.
Disclaimer: This analysis represents the author's perspective only and should not be considered financial advice. Cryptocurrency trading carries substantial risk - only trade with funds you can afford to lose.