This post is a personal investment journal based on my own market study and observations. It is not financial advice or a recommendation to buy or sell any asset. All investment decisions and responsibilities belong to each individual investor, so please make careful decisions based on your own judgment and risk tolerance.
[Bitcoin, BTCUSDT.P]
This is the comprehensive Bitcoin chart. From the upper left in a Z-shaped order, the timeframes are the 15-minute, 30-minute, 1-hour, 4-hour, daily, and weekly charts.
Overall, the RSI is quite high on the shorter timeframes. The 4-hour timeframe also has a fairly high RSI, so the market looks somewhat overheated. A small correction could appear, and it may be worth looking for an opportunity around that moment. This correction could also be viewed as a pullback for a longer-term position. However, since the daily RSI is still moving sideways around the 50 level, there is no guarantee yet that the market will rise over the longer term.
Also, on the daily chart, price is still below the SMA 50. Since there is still no clear guarantee of further upside, I think there is nothing wrong with staying cautious.
[Ethereum, ETHUSDT.P]
This is the comprehensive Ethereum chart.
On the daily chart, the SMA 50 and VWMA 100 are forming a golden cross. However, because this golden cross is happening as the VWMA 100 moves lower, I do not think it carries a particularly positive meaning. That said, Ethereum continues to receive support from the yellow dotted EMA 50. Since the EMA 50 is moving upward, receiving support from this line can at least be viewed as a positive signal.
On the other timeframes, I do not see anything particularly clear yet.