Last night, after a significant surge in the Bitcoin market, there has been a pullback, which is a normal phenomenon. After a major market explosion, there will always be a wave of slight pullback and fluctuations to prepare for the next better breakthrough. It depends on whether you can seize the opportunity.
From the four-hour level, the Bollinger Bands show that the three tracks are still opening and expanding, and the upper middle track is still exhibiting an upward trend, proving that the market's bullish trend is still dominant. From the hourly level, the Bollinger Bands show a closing trend, indicating that the market is in a short-term consolidation and accumulation phase. The lower middle track shows an upward trend, proving that the bulls are still guiding the market direction. In the morning layout, we will continue to adopt a high-sell low-buy strategy for long positions.
Bitcoin 108500-108000 range bullish Target 11,000
Ethereum around 2550 bullish Target 2700