When the market is watching the fluctuations

（12.4 Wednesday evening trend analysis） The evening session continues to retract, and the current performance of Bitcoin is very weak! Is this really an opportunity for the bulls?

Today, Bitcoin and Ethereum have started to diverge in their movements, with Ethereum showing considerable strength while Bitcoin remains sluggish. It is still oscillating but is getting closer to a turning point. From the analysis of MACD and trading volume, it is highly likely that Bitcoin will not experience a significant drop but will continue to oscillate upwards.

From the perspective of technical structure
As the price effectively breaks through the constraints of the middle track, the Bollinger Bands are showing a flattening trend, indicating that the current market has not formed a clear one-way trend signal. Therefore, we continue to observe the oscillating pattern while it likely contains upward potential. In the recent market, the highs are continuously being tested, showing a certain intention to break through.

From the short-term hourly level
Although there are obvious signs of convergence, the oscillation has not ended the range. The lower shadow line also closes, representing a relatively perfect pattern. The top is also relatively so, and the volume reduction pattern is not complete. So the upcoming market will follow the initial statement of moving out of an oscillating upward market!

In summary, He Yang suggests
Bitcoin: Buy around 95,400, targeting above 97,200
Ethereum: Buy between 3,710-3,720, targeting near 3,800 #BNB创历史新高 #小非农数据创8月以来最低水平 #小非农数据即将公布 #Layer1公链普涨 #RWA板块普涨 $BTC $ETH