#数字货币市场回调 I looked at the 4-hour chart, and the Bollinger Bands finally ended the Sideways movement last night. Now the opening is clearly expanding, and the three lines seem to be moving upwards. In the afternoon, it was still overall range-bound with a slow rise, and then suddenly there was a strong pump in the evening.



The current price is stable around 90700, the three lines of KDJ are continuously moving upwards, and the moving average values have already reached the overbought zone. The overall trend is still upward.

Looking at the 1-hour timeframe: The Bollinger Bands continue to expand, increasing short-term volatility. Both the middle and upper bands are climbing upwards, with the price standing above the upper band. Although the MACD is still below the zero line, it has already turned upwards, and the green bars are continuously increasing. The short-term upward space is completely opened, and the bullish momentum is very strong.

Ethereum is basically in sync with $BTC , showing strong correlation. Therefore, the operational strategy at midnight continues the evening strategy—mainly to buy on dips.
ETH2.97%
BTC2.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
SnapshotDayLaborervip
· 12-05 16:16
That surge last night was really strong, finally broke out of the sideways range... It's already entered the overbought zone and still pushing higher, this momentum is pretty fierce. Buy the dip on a pullback? Depends on how far it pulls back, don't chase the highs. Ethereum still feels a bit laggy in following the trend.
View OriginalReply0
GasFeeCriervip
· 12-02 16:50
90700 This wave is indeed fierce, but has there really been no risk standing in the overbought zone for so long?
View OriginalReply0
MonkeySeeMonkeyDovip
· 12-02 16:39
This evening's pump is indeed a bit fierce, but do you really dare to buy in like this in the overbought zone?
View OriginalReply0
TradFiRefugeevip
· 12-02 16:26
The pump tonight is really fierce, finally breaking the dull situation after half a day.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)