Four-hour level Bollinger Bands converge and accumulate energy, three consecutive bullish candles may trigger an acceleration in the market
From a technical perspective, the 4-hour Bollinger Bands have shown a converging range after weekend oscillation and consolidation, with a significant reduction in price volatility.
As the candlestick combination forms a structure of three consecutive bullish candles, Bitcoin has strongly broken through the psychological barrier of 95,000, with the price center gradually moving up to the upper region of the channel.
Currently, the coin price is consolidating around 95,500. If the night market can effectively break through the 96,000 neckline resistance and stabilize, it is expected to open up space to challenge the 100,000 level within the week.
In terms of operations, it is recommended to maintain a bullish strategy in line with the trend, with a focus on volume cooperation.
Operational suggestions
Buy Bitcoin around 94,800, with a target around 96,500.
Buy Ethereum around 1,780, with a target around 1,850.
