#以太坊行情解读 BTC is indeed currently range-bound. There is a hint of a Rebound in the short term, but the trend direction is still downward, without really breaking free from the predicament.

Looking at the daily chart, the three consecutive bullish candles have indeed lifted the price a bit, but it got stuck around the EMA15 at 88700, oscillating back and forth. The 4-hour chart reveals more issues—the EMA indicator is contracting, having attempted several upward breaks, but each time it got pushed back down. The EMA12 test line of the Vegas channel is widening, but it hasn't turned around; it feels like it's being passively pushed up. The previous downward channel is still there, with the 20-day and 50-day moving averages acting as resistance levels, which cannot be broken through.

Regarding MACD, after a decrease in volume on the daily chart, the DIF and DEA finally formed a golden cross, which indeed signals a slight bullish sentiment in the short term. However, the issue is that this indicator has been lingering in the negative zone for a long time, and the overall downward momentum has not completely faded. The 4-hour level is even more complicated—DIF and DEA in MACD have started to diverge, and KDJ has also formed a dead cross, while the price is consolidating at a high level, indicating a disagreement between bulls and bears at the current price level. Around the 90000 mark, the major institutions are also hesitating, and no one dares to take the lead.

From the perspective of the Bollinger Bands, the upper pressure on the daily chart is at $89,500, while the lower support is at $84,850. The current price is hovering near the middle band of the Bollinger Bands, with relatively stable volatility. In the short term, it is difficult to break this stalemate all at once; we need to wait for stronger signals to appear.