Looking back at the Bitcoin market this morning, it is currently in a range-bound oscillation state, with market momentum being in a phase of accumulation and preparation. This is a normal phenomenon; after significant fluctuations, there will inevitably be a certain degree of consolidation. This also provides more strength for the next big explosion. The Ethereum market is also in a range-bound oscillation state, and the long positions established last night successfully realized a profit of 35 points.
From the four-hour level, the Bollinger Bands show an upward expansion pattern, with a trend towards closing, indicating that there will not be significant fluctuations in the market in the short term. After the accumulation phase, Bitcoin will likely rise strongly again. From the hourly level, the price is oscillating in the upper range of the Bollinger Bands and has tested the middle band, but was quickly reclaimed, proving that the upward trend in the market still dominates. In the morning strategy, we continue to maintain a high sell low buy long position layout.
Bitcoin around 106500, target 108500
Ethereum around 2390, target 2550
