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Follow Sister Ying, the market trend is perfectly predicted, and the rhythm is under control. Yesterday, we gained over 1680 points on BTC, and ETH also smoothly harvested over 100 points. Previously, BTC's trend was upward, approaching the 120,000 mark, and after reaching around 119,800, it encountered resistance and fell back. In the afternoon to early morning, the market started to pullback, and the current price is around 117,800.
The price is running above the middle band of the Bollinger Bands. It previously touched the upper band and then pulled back, indicating pressure at the upper band. Currently, the overall shape of the Bollinger Bands has not shown a significant opening and remains in a relatively converging state, suggesting that the short-term oscillation pattern will continue, with prices possibly testing repeatedly between the middle and upper bands. The 4-hour K-line shows characteristics of a tug-of-war between bulls and bears, with bullish candles attempting to test resistance and bearish candles pulling back for adjustment. The alternation of bullish and bearish candles reflects a stalemate in the strength of both sides, and the upward momentum during the day has weakened, entering a consolidation phase, showing an oscillating adjustment trend. Today's strategy is still primarily to sell high and buy low.
#以太坊重返3800# BTC 118300-118700 pullback, target look at 117300
ETH 3790-3830 pullback, target looking at 3690 #Gate Launchpad IKA上线#