Today’s Key Analysis Highlights
- Bitcoin (BTC): Focus on whether a pullback forms near the 1-hour mid-term HMA.
- Ethereum (ETH): Watch for pullback formation supported by the daily mid-term HMA.
- Ripple (XRP): Continued battle within the daily Ichimoku cloud—breach confirmation needed.
- Solana (SOL): Trend revival likely upon breaking the previous high of $159.
Bitcoin (BTC) Chart Analysis
Bitcoin is currently trading around $108,930**, buoyed by strong buying pressure after the US jobs data release. The breakout above the 1-hour long-term HMA pushed BTC above **$109,000, confirming bullish momentum across multiple timeframes (1-hour, 4-hour, and daily charts).
Short-Term Outlook
- A minor dip is likely a pullback opportunity if the 1-hour mid-term HMA holds as support.
- A confirmed rebound could target $110,400.
- Caution: Lack of Bollinger Band expansion in the 4-hour chart suggests potential temporary slowdown—early profit-taking advised.
👉 Track Bitcoin’s live price action
Ethereum (ETH) Chart Analysis
ETH trades near $2,560, with a clear breakout above the daily mid-term HMA signaling a trend reversal.
Key Levels to Watch
- Immediate resistance: $2,680 (short-term target).
- Critical support: Daily mid-term HMA (~$2,500).
- A pullback below the 1-hour mid-term HMA without losing daily support could reignite upward momentum.
Ripple (XRP) Chart Analysis
XRP hovers at $2.240, stuck in the daily Ichimoku cloud.
Trend Signals
- Break above $2.36 (daily long-term HMA) needed for sustained uptrend.
- Current consolidation lacks direction—risk management is essential for long positions.
Solana (SOL) Chart Analysis
SOL at $153.80** shows potential for a rally if it breaches **$159 (previous high).
Path Forward
- A pullback to the 1-hour long-term HMA (~$150) could set the stage for a run toward **$168**.
- The daily Ichimoku cloud’s upper boundary remains a key resistance zone.
👉 Explore SOL’s breakout potential
FAQ Section
1. Why did Bitcoin surge after the US jobs report?
Positive economic data reinforced investor confidence, triggering buy orders above key technical levels.
2. Is Ethereum’s uptrend sustainable?
Yes, provided it holds above the daily mid-term HMA (~$2,500). A close below could signal a deeper correction.
3. What’s the most critical level for XRP?
The $2.36 resistance—a clear breakout could confirm a long-term bullish trend.
4. How high can SOL go if it breaks $159?
Next target: $168, aligning with the daily Ichimoku cloud’s upper limit.
Technical Indicators Used
- Hull Moving Averages (HMA): 20EMA (short-term), 80EMA (mid-term), 320EMA (long-term).
- Bollinger Bands: 1-hour (200-period), 4-hour/daily (50-period).
- Ichimoku Cloud: Default settings (9, 26, 52).
- MACD: Custom (9, 17, 7).
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