In the vast universe of the cryptocurrency world, every explorer carries dreams and hopes, sailing in the boundless digital ocean. Here, is a battlefield where opportunities and challenges coexist, a stage where wisdom and courage collide. Over the weekend, Bitcoin's price faced pressure after reaching a high point of 105,000 in the morning, gradually falling back to a low of 103,406 before stopping, and then began to oscillate within the range. Ethereum's price movement synchronized with Bitcoin, rapidly retreating after touching a high of 2,608, with the lowest price hitting 2,504, and then starting to consolidate around 2,540.
According to the current market situation, the four-hour level shows the market has experienced a peak and then a fall, with the Bollinger Bands gradually narrowing, indicating a significant compression in space, but the overall trend still remains in an upward channel, with the middle line of the Bollinger Bands still in an upward state, and the bullish momentum clearly outweighing the bearish. From the one-hour perspective, the price has touched the middle line of the Bollinger Bands but it is evident that the support below remains strong in the short term, and the bearish momentum cannot drive the price down consistently. The RSI indicator shows signs of turning upwards, so in the afternoon we will operate with a strategy of buying on dips.
Buy Bitcoin around 103,300-103,500, with a target of 105,000.
Buy Ethereum around 2,530, with a target of 2,600.
