Monday Market Summary: Bitcoin started the day with a low of 90,863 and steadily moved higher, reaching 93,388 before entering a sideways consolidation. In the evening, aided by external markets, it launched another attack from 92,155, touching the 94,789 level. Ethereum's performance throughout the day closely mirrored Bitcoin, initially rising to 3,221 before retracing to 3,131, then fluctuating within a narrow range. In the evening, it followed the broader market upward, currently reaching a high of 3,266.
From a technical perspective, the four-hour chart shows four consecutive bullish candles, with the price closely hugging the upper Bollinger Band—this is a typical sign of a strong bullish trend. Volume indicators remain robust, with no clear reversal signals yet. The one-hour chart shows a structure of two bullish candles followed by one bearish candle, indicating that the bulls are gradually gaining control. The short-term trading strategy remains unchanged, focusing on buying on dips.
Specific trading ideas: $BTC gradually enters long positions in the 93,800-93,000 range, with resistance levels at 95,200-96,000. Once broken, continue tracking upward; $ETH dips around 3,220-3,190 to build positions, with targets at 3,280-3,360-3,400. If these levels are broken effectively, continue to follow the trend. Keep an eye on $XRP as well.
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fork_in_the_road
· 01-08 00:03
Bollinger Band touching the upper band, this bullish wave is quite strong.
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FundingMartyr
· 01-07 23:55
Bollinger Bands touching the upper band means you should chase; this bullish trend isn't over yet.
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tokenomics_truther
· 01-05 21:40
It's another bullish feeding session; hearing the Bollinger Bands upper band explanation so many times has made my ears numb.
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Token_Sherpa
· 01-05 21:40
ngl the "two yangs wrapping one yin" structure talk is giving me exhausted TA cope energy... sure buddy, keep staring at those 1h charts like they're tea leaves lmao
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ForkPrince
· 01-05 21:37
Wow, this wave of the market is pretty exciting. The upper band of the Bollinger Bands is still dancing closely.
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0xTherapist
· 01-05 21:18
It's the same bullish narrative again—getting excited when the Bollinger Bands touch the upper band. Be careful of getting trapped at high levels, buddy.
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CoffeeOnChain
· 01-05 21:10
Bollinger Bands at the upper band, this wave is stable, right?
Monday Market Summary: Bitcoin started the day with a low of 90,863 and steadily moved higher, reaching 93,388 before entering a sideways consolidation. In the evening, aided by external markets, it launched another attack from 92,155, touching the 94,789 level. Ethereum's performance throughout the day closely mirrored Bitcoin, initially rising to 3,221 before retracing to 3,131, then fluctuating within a narrow range. In the evening, it followed the broader market upward, currently reaching a high of 3,266.
From a technical perspective, the four-hour chart shows four consecutive bullish candles, with the price closely hugging the upper Bollinger Band—this is a typical sign of a strong bullish trend. Volume indicators remain robust, with no clear reversal signals yet. The one-hour chart shows a structure of two bullish candles followed by one bearish candle, indicating that the bulls are gradually gaining control. The short-term trading strategy remains unchanged, focusing on buying on dips.
Specific trading ideas: $BTC gradually enters long positions in the 93,800-93,000 range, with resistance levels at 95,200-96,000. Once broken, continue tracking upward; $ETH dips around 3,220-3,190 to build positions, with targets at 3,280-3,360-3,400. If these levels are broken effectively, continue to follow the trend. Keep an eye on $XRP as well.