$ETH Review of the morning and afternoon thoughts, Bitcoin (BTC) is still in a range-bound oscillation, which is a necessary consolidation phase after the significant rise in the early morning, preparing for a subsequent breakout. Ethereum is also experiencing slight fluctuations, but the bulls clearly dominate the trend.
On the hourly chart, the Bollinger Bands for Bitcoin are narrowing and parallel, indicating that the market is consolidating. The current price is near the middle band; although there has been a slight pullback, it has quickly been pulled back by the bulls, showing that the trend remains strong. Continuing to look bullish in the afternoon, position holders should pay attention to risk management.
Afternoon trading suggestions: BTC: Buy near 109000, target 111500
ETH: Buy near 2760, target 2900