Currently, the daily chart is in a sideways consolidation zone, with no effective breakout from the bulls or bears. The price rebounded to the middle of the Bollinger Bands and faced resistance again, pulling back. Overall, it continues to oscillate within the range, and a clear trend signal is still needed for confirmation. On the four-hour chart, the candlesticks have recovered from the previous decline and are now trading between the middle and upper bands of the Bollinger Bands, showing some signs of bottoming out; however, the key resistance level above has failed to break through multiple times. Future focus should be on the breakout of this level. Considering that weekend market liquidity is usually weaker, the trend is expected to continue oscillating. Trading strategies can involve gradually building positions at low points within the range, with flexible responses.
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Saturday morning on 12.20, BTC/ETH Silk Sharing
Currently, the daily chart is in a sideways consolidation zone, with no effective breakout from the bulls or bears. The price rebounded to the middle of the Bollinger Bands and faced resistance again, pulling back. Overall, it continues to oscillate within the range, and a clear trend signal is still needed for confirmation. On the four-hour chart, the candlesticks have recovered from the previous decline and are now trading between the middle and upper bands of the Bollinger Bands, showing some signs of bottoming out; however, the key resistance level above has failed to break through multiple times. Future focus should be on the breakout of this level. Considering that weekend market liquidity is usually weaker, the trend is expected to continue oscillating. Trading strategies can involve gradually building positions at low points within the range, with flexible responses.
Buy near 87500-87700 for Bitcoin, target around 89500
Buy near 2740-2760 for Ethereum, target around 2900
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