1.6 Bit Navigation Analysis and Operation Suggestions
The daily chart has seen seven consecutive bullish candles, rising steadily from the support level of 92,000. Currently, the Bollinger Bands are gradually tightening, and attention should be paid to the resistance at 99,500 during the day.
The four-hour chart has consistently been operating above the middle band, with KDJ showing a tight upward cross, and bullish momentum continues to increase. Although the upward trend is evident, one should not blindly chase after long positions. It is advisable to wait for a pullback before entering long positions.
The big 🍪 is expected to pull back to 97,500 - 98,000, with a target of 99,500.
Ethereum can proceed in sync.
