Monday evening BTC.ETH analysis and operations
From the daily cycle observation, after experiencing a deep bottoming out with four consecutive bearish candles, the last two days have consecutively closed with bullish candles, clearly forming a rebound structure. Currently, the Bollinger Bands maintain an opening shape, indicating strong trend continuation; at the same time, the KDJ and RSI indicators have synchronized to complete an upward turn from low levels, and with the cooperation of volume and price, the bullish strength is gradually dominating the market, providing momentum support for further upward repair of the market.
On the four-hour level, the price is testing the upper Bollinger Band with a series of bullish candles. Although there has been a pullback due to short-term pressure, the overall pattern has completed a transition from bearish to bullish. This pullback is not a reversal, but rather a technical correction after a breakout, aimed at digesting short-term profit-taking and accumulating strength for another assault on the upper band and to open up upward space.
In summary, the focus should be on “buying on dips,” paying close attention to the second upward attack opportunities.
Buy BTC around 1100, target 1112, 1135.
Buy ETH around 4000, target 4100, 4200. $BTC
