Where shall we meet? Two leaves floating in the ocean
In the past few days, the market has not shown a one-sided trend, but rather a back-and-forth oscillation. The rhythm is not as clear as previous trends, accompanied by range washing and sharp drops and rises. However, it ultimately recaptured lost ground and rebounded, accompanied by relatively heavy pressure sentiment. At this point, rational judgment is needed.
Looking at the technical aspect, the four-hour Bollinger Bands are narrowing and testing. The subsequent momentum is weakening, and the current price is around 67000, in a phase of adjustment and consolidation. The broken line touches the daily mid-line and rebounds, with support not being broken below. In the short term, both bulls and bears are beginning to get stuck, and various moving averages and supplementary indicators are gradually flattening out, indicating that the consolidation phase is expected to continue for some time. The operational suggestion is to buy on the dip.
Reference Suggestions:
Buy Bitcoin on dips at 67200-67400, add at 66700, target 68800
Buy Ethereum on dips at 2460-2440, target 2550
