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12.26 Thursday Fortune Silk Road Analysis Suggestions:
Based on the current market situation, the daily structure has entered a correction phase, and the correction space is shallow. This does not affect the main trend's operation, and it will eventually return to the technical pattern.
From a four-hour perspective, after being pressured by the upper Bollinger Band, it broke through the middle band and closed above it, breaking the strong upward pattern relying on the middle band. At the same time, the short-term strong trend has reversed into a correction; this correction does not indicate a trend reversal but is still a consolidation phase, and the next rally will seek higher levels again. There was no significant correction during the previous upward movement, and the local pullback has been sufficient, so there is still good upward space for the bulls in the future!
Bitcoin near $BTC 97800-98300 long, targeting 100000-102000
Ethereum near $ETH 3420-3450 long, targeting 3550-3650
Based on the current market situation, the daily structure has entered a correction phase, and the correction space is shallow. This does not affect the main trend's operation, and it will eventually return to the technical pattern.
From a four-hour perspective, after being pressured by the upper Bollinger Band, it broke through the middle band and closed above it, breaking the strong upward pattern relying on the middle band. At the same time, the short-term strong trend has reversed into a correction; this correction does not indicate a trend reversal but is still a consolidation phase, and the next rally will seek higher levels again. There was no significant correction during the previous upward movement, and the local pullback has been sufficient, so there is still good upward space for the bulls in the future!
Bitcoin near $BTC 97800-98300 long, targeting 100000-102000
Ethereum near $ETH 3420-3450 long, targeting 3550-3650
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,601.22
+1.03%
ETH
3,356.51
+0.47%
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