The market remains weak as ever, with overall momentum continuously shrinking, and sufficient accumulation of strength. Yesterday, the fluctuation space on the market further narrowed, with Bitcoin consolidating in a narrow range around 89700-90600, and Ethereum oscillating between 3075-3135. In light of the current situation, it is crucial to pay close attention to the subsequent evolution of patterns and accurately capture opportunities for early positioning, patiently waiting for the market to break out.
Currently, the market shows signs of a slow rebound. The bulls are steadily rising again. On the hourly level, the Bollinger Bands are gradually widening, and market momentum is slowly warming up. The market has steadily broken above the middle track of the Bollinger Bands from the lower track, with bullish patterns gradually warming up, and lower shadow lines constantly appearing, indicating clear bottom support and strengthening bullish rebound momentum. In conjunction with the MACD technical indicator, the bottom divergence pattern is steadily developing upwards, and the market's bullish sentiment is continuously warming and strengthening. In terms of positioning, one can align with the trend and place a bullish order.
Buy Bitcoin around 90000 Target 91500
Buy Ethereum around 3100 Target 3200
