Monday morning BTC/ETH Silk Road sharing on December 22
Currently, the market is in a high-level consolidation in the 4-hour cycle, with K-lines alternating between bullish and bearish, and no clear trend formed yet. The price is maintained above the middle track of the Bollinger Bands, and after the KDJ golden cross, it continues to rise, indicating that bullish momentum is brewing.
From the 1-hour cycle observation, although the price once broke through the upper track of the Bollinger Bands, the upper shadow line is relatively long, indicating that there is still a certain selling pressure above. The Bollinger Bands have opened up somewhat, and bullish energy is gradually accumulating, but the upward space has not yet fully opened, and overall it still shows a range fluctuation characteristic. The operation can mainly focus on buying on the pullback.
For Bitcoin, buy in the range of 87700-88200, target around 90500.
For Ether, buy in the range of 2950-2970, target around 3100.
