12.17 Intraday Analysis
The overall price of Bitcoin is oscillating in the range of 86000-88200.
From the hourly Bollinger Bands, the channel has gradually changed from an upward slant to parallel movement; the upper band has flattened, while the lower band and the middle band maintain a slight angle of divergence upwards, indicating a "strong oscillation consolidation structure after the upward trend." This suggests that although the previous momentum has temporarily paused, the market participants have not completely exited, and the strong oscillation structure has not been broken.
Buy Bitcoin at 86500-85500, target 89000-90000.
Buy Ethereum at 2910-2850, target 3010-3060.
