BTCUSD & ETHUSD Bounce Signals Potential Bull Run
A bullish reversal may be on the horizon for **BTCUSD** and **ETHUSD** as both are showing signs of a strong bounce.
- **BTCUSD** is finding support at the Weekly 50 EMA ($54,065) and the Weekly bottom Bollinger Band ($53,864). The CCI (Commodity Channel Index) is also starting to hook upward, moving from -125 to -120. A breakout above -100 would be a clear bullish signal. On the Daily chart, BTCUSD has bounced off the bottom Bollinger Band at $52,981, with the Daily CCI improving from -172 to -122 and continuing to rise. These technicals suggest strong upside potential with limited downside risk, as bearish momentum begins to fade.
- **ETHUSD** is also showing bullish signs after bouncing off the Daily bottom Bollinger Band at $2,206, with its CCI climbing from -177 to -111. On the Weekly chart, ETHUSD is coming off the bottom Bollinger Band at $2,217 and holding above the 200 EMA ($2,093). The Weekly CCI has also improved, rising from -146 to -117 and continuing upward. This signals a strong potential for upward movement with decreasing downside risk as downward momentum weakens.
Both pairs appear to be positioned for a significant rally, offering substantial upside potential with limited downside risk. Keep an eye on key levels for further confirmation.
- **BTCUSD** is finding support at the Weekly 50 EMA ($54,065) and the Weekly bottom Bollinger Band ($53,864). The CCI (Commodity Channel Index) is also starting to hook upward, moving from -125 to -120. A breakout above -100 would be a clear bullish signal. On the Daily chart, BTCUSD has bounced off the bottom Bollinger Band at $52,981, with the Daily CCI improving from -172 to -122 and continuing to rise. These technicals suggest strong upside potential with limited downside risk, as bearish momentum begins to fade.
- **ETHUSD** is also showing bullish signs after bouncing off the Daily bottom Bollinger Band at $2,206, with its CCI climbing from -177 to -111. On the Weekly chart, ETHUSD is coming off the bottom Bollinger Band at $2,217 and holding above the 200 EMA ($2,093). The Weekly CCI has also improved, rising from -146 to -117 and continuing upward. This signals a strong potential for upward movement with decreasing downside risk as downward momentum weakens.
Both pairs appear to be positioned for a significant rally, offering substantial upside potential with limited downside risk. Keep an eye on key levels for further confirmation.
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