Monday's market still has some highlights. Bitcoin started the morning oscillating upward from a low of 91,230, once reaching 93,382, then entered sideways consolidation. In the evening, driven by external markets, the price re-initiated an attack from 92,370, reaching a high of 94,760.
Ethereum's rhythm completely followed Bitcoin, surging to 3,221 in the morning before pulling back, with the lowest around 3,131, then beginning a narrow range consolidation. In the evening, it also followed the upward trend, now rising to 3,266.
From the four-hour chart, this is a strong upward trend with four consecutive bullish candles, with the price running close to the upper Bollinger Band. The key point is that various indicators are still expanding, and there are no obvious signs of a trend reversal among the bulls, indicating that upward momentum is still accumulating. Looking at the one-hour level, the pattern of two bullish candles engulfing one bearish candle shows that the bulls are gradually gaining control of the market. In the short term, we can continue to buy on dips.
Trading suggestions: Bitcoin can be bought in the 94,000-93,500 range, targeting around 95,500; Ethereum can be bought in the 3,230-3,210 range, targeting around 3,350.
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SnapshotLaborer
· 01-08 18:51
Four consecutive bullish days really can't hold up anymore; it should have dropped already.
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hodl_therapist
· 01-07 02:54
Four consecutive bullish days aren't exciting enough; we need a four-day surge to really get things going.
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SchroedingerGas
· 01-05 21:53
Four consecutive bullish days, the momentum is really good, and the bulls are still quite strong.
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SchrödingersNode
· 01-05 21:52
Four consecutive bullish days are so strong; be careful not to chase the highs.
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AirdropFatigue
· 01-05 21:39
Four consecutive bullish days, there's finally some movement. Will this wave truly break through 95,500?
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OPsychology
· 01-05 21:37
Four consecutive bullish days are a bit fierce, but I'm still a little worried about buying at high levels
Monday's market still has some highlights. Bitcoin started the morning oscillating upward from a low of 91,230, once reaching 93,382, then entered sideways consolidation. In the evening, driven by external markets, the price re-initiated an attack from 92,370, reaching a high of 94,760.
Ethereum's rhythm completely followed Bitcoin, surging to 3,221 in the morning before pulling back, with the lowest around 3,131, then beginning a narrow range consolidation. In the evening, it also followed the upward trend, now rising to 3,266.
From the four-hour chart, this is a strong upward trend with four consecutive bullish candles, with the price running close to the upper Bollinger Band. The key point is that various indicators are still expanding, and there are no obvious signs of a trend reversal among the bulls, indicating that upward momentum is still accumulating. Looking at the one-hour level, the pattern of two bullish candles engulfing one bearish candle shows that the bulls are gradually gaining control of the market. In the short term, we can continue to buy on dips.
Trading suggestions: Bitcoin can be bought in the 94,000-93,500 range, targeting around 95,500; Ethereum can be bought in the 3,230-3,210 range, targeting around 3,350.