From the hourly chart observation of $BTC , the Bollinger Bands for Bitcoin continue to diverge upwards, with a steadily expanding bullish trend. The market has repeatedly tested the upper band’s resistance strength, showing significant upward momentum; Ethereum, on the other hand, demonstrates a strong unilateral bullish trend, continuously pushing against the market highs, becoming the core driving force for market upward movement. Overall, the current market atmosphere is strongly bullish.
In the afternoon, the suggested trading strategy is to continue with a high-sell, low-buy approach, focusing on long positions:
- Bitcoin: Long positions can be established in the range of 119000-119500, with a target towards 121500
- Ethereum: Long positions can be established around 3620, with a target towards 3750
