Thursday evening BTC/ETH latest thoughts
Looking back at our daytime strategy, we were right again. The current rebound momentum is steadily releasing, and in the short term, it will consolidate to digest selling pressure, gathering strength to provide momentum for subsequent upward movement.
On the four-hour level, after a continuous drop from the upper Bollinger band to the lower band, the bears are exhausted, starting a rebound. The long lower shadow of the bottom confirms strong support below, and the low-level buying is strong.
On the hourly level, it is oscillating near the lower Bollinger band, with dense lower shadows highlighting the diminishing bearish momentum. The support is solid, and the rebound trend remains unchanged.
Bitcoin: 89200-90000, →92000.95000;
Ethereum: 3180-3130, →3290.3500.
Personal opinions, for entertainment only, not investment advice!
