Xu Xu Baby Says Coin 8.7 Afternoon BTC & ETH Market Analysis

The current market shows a clear range consolidation trend, with both bulls and bears temporarily locked in a stalemate.

From the perspective of BTC, the price fluctuates narrowly around the range of 114200-114800, and the ongoing contraction of the Bollinger Bands indicates that market volatility is continuously decreasing, leading to cautious trading sentiment. On the technical side, the persistent low trading volume is the most prominent feature at present, indicating that neither the bulls nor the bears have formed enough strength to break the deadlock. Although recent candlesticks have shown slight bullish signals, suggesting that there may be momentum to test the upper boundary of the range in the short term, the weak arrangement of the moving averages limits the rebound space, and the overall oscillation pattern remains unchanged. In terms of operations, attention can be paid to support opportunities in the range of 113600-113000, with a short-term target looking towards 114800. If it can effectively break through, it may further look towards around 115800.

For ETH, the trend is similar to BTC, with prices oscillating repeatedly in the range of 3620-3680. Similarly accompanied by shrinking trading volume, the market is waiting for a clear directional guide. In terms of technical patterns, although there are signs of stabilization in the short term, there is certain pressure in the 3680-3700 range above. In terms of strategy, one can consider looking for buying opportunities near 3610-3580, with a short-term target initially looking at 3700, and after a breakthrough, it is expected to challenge around 3750.

#BTC #ETH The market currently tests patience more, and it is necessary to wait for a range breakout signal to further confirm the direction. #ETH走势分析 #BTC走势分析 #ETH巨鲸增持