You may doubt your choices at some moment, feeling anxious as you watch the numbers in your account change. But please believe that every setback is a stepping stone to growth. Those who have succeeded in the cryptocurrency world have all experienced countless ups and downs before learning how to steadily move forward in the waves. This morning, the successful layout of Bitcoin gained over 1100 points! The Ethereum synchronized layout gained over 140 points!
From the hourly Bollinger Bands, the middle and lower bands are still sloping downwards, indicating that the short-term downtrend has not changed. However, the lower band has turned upwards, providing initial support for the price: the channel is narrowing, and the bag mouth is closing, indicating that the short-term bullish-bearish competition is slowing down, and the market volatility is decreasing. Additionally, the price that was previously close to the lower band is gradually moving away from support and approaching the middle band, showing that the bearish momentum is weakening. Overall, the short-term trend has not completely reversed, but the bearish force is diminishing, and the bullish-bearish competition is becoming smoother.
Operational advice:
Bitcoin: Buy around 118600, target 120000
