Bitcoin is currently close to the middle band of the Bollinger Bands, with the upper and lower bands forming a wide oscillation range, and a clear short-term oscillation pattern. Looking at the 4-hour chart, the price may test the lower band support again, and then is expected to rebound off the bottom. It is recommended to continue to adopt a buy-on-dips strategy.
From the 1-hour trend of Ethereum, the price has been under pressure since it fell below the middle band of the Bollinger Bands last night, failing to break through effectively. However, it formed a double bottom structure at the bottom during the early morning and has since seen four consecutive bullish candles, briefly breaking through the critical level of 4500 under the 'three-three rule', but it could not hold above it and is currently still in a pressure zone. The market is currently oscillating in a central range, facing a choice of direction. Key support levels are at 4378 and 4456, while key resistance levels are at 4580 and 4630.
Trading suggestions:
- Bitcoin: Consider placing long orders around 111200, targeting 114000.
- Ethereum: Suggest entering long orders near 4450, targeting 4600.
