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$BTC $ETH Bitcoin and Ethereum daily outlooks are primarily based on short-term dips. Currently, they are in a short-term downtrend, with the MA7 and MA30 moving averages in a bearish alignment, descending along the lower Bollinger Band. The support at the lower band is initially validated. Both the KDJ indicator are in oversold territory and turning upward, with the J line rapidly rebounding, clearly signaling an oversold rebound.
The MACD green bars are continuously shrinking, indicating weakening bearish momentum, with a preliminary formation of a bullish divergence. The decline continues but at a slower rate, with bearish forces diminishing marginally. Volume at the end of the decline is shrinking, and during the rebound phase, a bullish candle with increased volume appears, showing buying interest gradually emerging.
Bitcoin: Buy around 70,500
Target: 71,500-72,500
Ethereum: Buy around 2,160
Target: 2,190-2,240
Be cautious when chasing longs. Use pullbacks as entry opportunities to buy the dip and catch rebounds, rather than chasing the breakout and gambling on a surge.