Yesterday's market has concluded, the carnival day in the cryptocurrency world, with positive news from Trump, the price action was like crazy, the bulls surged all the way, forming a significant bullish candlestick. However, as the afternoon slowly pulled back, there was no further surge in the evening, hovering around 74000. Uncle suggests not to blindly chase the bulls now, as there will be a four-hour correction space to consider.
From the data perspective, there is strong resistance at the upper Bollinger Band, with the key point above at 76600. The price is getting closer to the middle band, while the lower level to watch is 72500, and a correction is expected. Therefore, the current layout should focus on rebound strategies.
Operation:
Bitcoin is trading around 748-752, with a target down to 740-735.
Ethereum is trading around 269-272, with a target down to 261-263.$BTC $ETH