#比特币对比代币化黄金 12.8 BTC and ETH Early Morning Technical Analysis

Let’s first look at the 4-hour BTC chart. Yesterday’s dip to 87,688 wasn’t as fierce as expected—it quickly rebounded, leaving a long lower shadow. Then, two consecutive bullish candles followed, with the price climbing back into the middle-to-lower Bollinger Band range. Bears? There’s basically no follow-through. Although the moving averages are still acting as resistance, this quick rebound already shows that the support below is very solid.

Switching to the 1-hour chart, it’s even clearer. A textbook bullish engulfing candle with increased volume directly erased the previous big bearish candle. Short-term momentum has shifted from bearish to bullish. Although the price has been oscillating between 90,200 and 90,500, note—it has consistently held above the 5-day and 10-day moving averages. This kind of consolidation isn’t a bad thing; it’s healthy accumulation after a pullback. RSI has stayed at a high level after the golden cross, with no sign of capital outflow. The logic is simple: as long as 89,800 holds, there’s a high probability of another push towards 90,700 or even 91,200 in the short term.

Trading strategy reference:
$BTC Consider entering long positions in the 90,400–90,000 range, targeting around 91,900;
$ETH Follow up in the 3,070–3,040 range, aiming for the 3,170 level.