Evening Analysis on October 9

During the afternoon trading session, Bitcoin continued its steady upward trend, fluctuating and rising near the 116,300 line, gradually reaching the vicinity of 117,900, overall showing a relatively strong consolidation pattern.

From the hourly Bollinger Bands perspective, the current channel is in a horizontal consolidation state, with the upper, middle, and lower bands flattening out. This characteristic highlights that both sides of the market are temporarily in a relatively balanced state within the range. However, it is noteworthy that it has gradually risen from the lower support area and successfully broke through the middle band's resistance, indicating a signal of strengthening short-term momentum.

Suggestion:

Bitcoin: You can buy near 116,500-117,000, targeting around 118,000-118,700;

Ethereum can be bought near 4,140-4,180, targeting around 4,300-4,380. #ETH突破4000 #ETH巨鲸增持