12.23 Big Pie Analysis
From the 4-hour cycle perspective, the Big Pie is in a clear and steady bullish accumulation phase. Although short-term market fluctuations have increased, and prices have repeatedly faced resistance and retreated, it is important to note that the lows during the pullback are continuously rising, and the key support area below remains solid and strong, never effectively broken by the bears, which fully demonstrates the strong buying pressure during the market adjustment phase.
The current price is steadily running above the middle track of the Bollinger Bands, and the overall shape of the Bollinger Bands is showing a converging upward pattern. This technical structure indicates that the rhythm of the sideways consolidation is gradually leaning towards the bulls, and the bullish strength is also actively accumulating.
Operational suggestion: Around 88000-87400, look to the upside at 89000-90000. If it breaks through, continue to look up. $ETH
