Looking back at the market for Bitcoin, it is currently in a range-bound oscillation state, and market momentum has entered a phase of accumulation and consolidation. This is a normal phenomenon; after significant fluctuations, there will inevitably be a certain degree of consolidation. This also provides more strength for the next big breakout. Ethereum is also in a range-bound oscillation state, and the long positions laid out last night successfully took profits of 35 points.
From the four-hour level, the Bollinger Bands show an upward expanding pattern, and there is a trend of closing, indicating that there will not be significant fluctuations in the market in the short term. After the accumulation phase, Bitcoin is expected to rise strongly again. From the hourly level, the price is oscillating in the upper area of the Bollinger Bands, and there has been a quick test of the middle band, but it was quickly reclaimed, proving that the trend for Bitcoin still dominates the market. Our strategy in the morning is to continue to maintain long positions by selling high and buying low.
Bitcoin around 106500, target 108500
Ethereum around 2390, target 2550
