On the 4-hour chart, the price has clearly crossed above yesterday's high, which is an obvious bullish signal, indicating that after a correction, buying strength has increased. If the trading volume also increases, there is a chance to break through the upper resistance level and open up further upside potential.
Looking at the hourly chart, all three lines of the Bollinger Bands are trending upwards but are closer together, indicating that market volatility is decreasing, which is a typical 'squeeze' pattern. The price is currently above the middle band, and it is likely to choose a direction in the short term, with a greater chance of breaking upwards. This morning, the focus is on whether the price can break through the upper band; if it does, it will confirm that the uptrend is still ongoing.
Trading Recommendations
For Bitcoin, buy around 105500-105000, with a target of 107000-108000.
For Ethereum, buy around 2430-2410, with a target of 2480-2500.
