On Sunday, December 21st, BTC/ETH Silk Road Sharing
Currently, the market is in a high-level consolidation on the 4-hour cycle, with the candlesticks alternating between bullish and bearish, and no clear one-sided trend has formed yet. The price remains above the middle track of the Bollinger Bands, and after the KDJ golden cross, it continues to rise, indicating that bullish strength is brewing.
From the 1-hour cycle observation, although the price once broke through the upper track of the Bollinger Bands, the upper shadow is relatively long, indicating that there is still some selling pressure above. The Bollinger Bands are widening, and bullish energy is gradually accumulating, but the upward space has not completely opened up, and overall it still shows characteristics of range-bound fluctuations. The operation can mainly focus on buying on dips.
For Bitcoin, buy in the range of 87700-88200, with a target near 90500.
For Ethereum, buy in the range of 2950-2970, with a target near 3100.
