Reviewing today's Bitcoin and Ethereum market, Bitcoin experienced a spike-like pullback in the early morning, touching a low of 102255 before rebounding to a high of 103940. After that, it remained in a range-bound state during the day, oscillating between 103000 and 103900. It's not that there are no opportunities, but rather that you don't know how to seize them. A small layout in the morning successfully captured nearly 500 points of space, while the afternoon market fluctuated at the high point of the range. Ethereum also saw a spike-like pullback in the early morning, with the bear market dominating the market.
In the hourly candlestick chart, when the Bollinger Bands are parallel, it is a highly valuable market signal. The Bollinger Bands consist of the middle band (moving average) and the upper and lower bands based on standard deviation calculations. When the three bands flatten and become parallel, it indicates a significant narrowing of price fluctuations, with both bulls and bears temporarily balanced, and the market enters a phase of waiting and accumulation. This seemingly calm narrow-range oscillation is actually energy accumulation before a market explosion. Once fundamental or news-related catalysts appear, the balance between bulls and bears will be broken, leading to a significant trending market.
In the early morning layout, we continued the daytime strategy, using a high sell and low buy approach.
Buy Bitcoin near 103200 Short-term target 104500
Buy Ethereum near 2400 Target 2550
