A new week has begun, and the current Bitcoin market is in a consolidation phase near the lower band of the Bollinger Bands, with ongoing upward stretches testing the strength of the middle band resistance. After previously being in a parallel state, the three bands of the Bollinger Bands are gradually showing signs of opening, indicating that market momentum is building up and suggesting a potential breakout is approaching. On the technical indicator front, the market is maintaining a seesaw adjustment above the zero line, with bullish candles primarily in solid form, showing that the bulls still hold the advantage, and upward momentum continues to exist. It is noteworthy that the fast and slow lines have formed a closing death cross below the zero line, which indirectly reflects the depth of the current accumulation process, laying the groundwork for a strong market momentum explosion in the future, and enhancing the expectation of a short-term breakout.
Morning operation suggestion:
Buy Bitcoin in the range of 117000-116800, target 119000
Buy Ethereum in the range of 4430-4400, target 4600
