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Evening of October 20
The current 4-hour chart shows a consecutive bullish structure, with the Bollinger Bands opening upwards. The middle band is moving up synchronously, and the price continues to operate between the upper band and the middle band. The daily moving averages are forming a bullish arrangement, and the short-term upward trend is now clear.
Overall momentum remains strong, and it still shows a trend of oscillation. The pullback of the market is not strong enough to reverse the bullish pattern; it only serves to slow down and correct the upward movement. For subsequent operations, it is recommended to continue focusing on oscillations around pullbacks, as suggested in this morning's Silk Road analysis.
Bitcoin: Fluctuating around 110100-109500, looking upwards.
11 1300- near 111800
Two cakes: hovering around 3980-3930, looking up at around 4070-4120 $BTC $ETH