Last night, BTC surged to 89,200 before pulling back to around 87,800, and is now consolidating within a narrow range; on the 1-hour chart, the Bollinger Bands have widened, indicating increased short-term volatility. After BTC touched the upper band without breaking through, it pulled back and is gradually moving closer to the middle band. Overall, yesterday's market was volatile.
From the 1-hour chart of ETH, it surged to around 2,985 in the morning but failed to break the 3,000 level and then started to gradually pull back. On the daily chart, there was a medium bullish candle close. On the 4-hour chart, the Bollinger Bands are slightly open, and the K-line is running near the upper band. The MACD lines are crossing upward, and the bullish histogram is expanding. On the 1-hour chart, the Bollinger Bands are opening, the K-line is above the middle band, the MACD lines are crossing upward, but the bullish histogram is shrinking. For today's trading strategy, focus on shorting on high rebounds during the day, and pay attention to the strength of pullbacks for potential long positions as a secondary approach.
The market changes rapidly; the above ideas are for reference only. Please refer to actual trading for specific operations.
BTC target: 87,500-86,800; ETH: short within the 2,990-3,040 range, target 2,900-2,850, #加密市场回暖
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Last night, BTC surged to 89,200 before pulling back to around 87,800, and is now consolidating within a narrow range; on the 1-hour chart, the Bollinger Bands have widened, indicating increased short-term volatility. After BTC touched the upper band without breaking through, it pulled back and is gradually moving closer to the middle band. Overall, yesterday's market was volatile.
From the 1-hour chart of ETH, it surged to around 2,985 in the morning but failed to break the 3,000 level and then started to gradually pull back. On the daily chart, there was a medium bullish candle close. On the 4-hour chart, the Bollinger Bands are slightly open, and the K-line is running near the upper band. The MACD lines are crossing upward, and the bullish histogram is expanding. On the 1-hour chart, the Bollinger Bands are opening, the K-line is above the middle band, the MACD lines are crossing upward, but the bullish histogram is shrinking. For today's trading strategy, focus on shorting on high rebounds during the day, and pay attention to the strength of pullbacks for potential long positions as a secondary approach.
The market changes rapidly; the above ideas are for reference only. Please refer to actual trading for specific operations.
BTC target: 87,500-86,800; ETH: short within the 2,990-3,040 range, target 2,900-2,850, #加密市场回暖