Reviewing last night, Bitcoin started to rise from a low of around 89,500, reaching a peak near 94,500, then pulled back into consolidation. From the 1-hour Bollinger Bands, the channel opening has been widening, indicating increasing trend strength and market volatility; the middle and upper bands are diverging upwards, further confirming that the upward trend will continue; the price has been moving along the upper band, showing that the bulls still dominate the market, and the upward pattern is very clear.
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.
12.12 BTC ETH Market Analysis
Reviewing last night, Bitcoin started to rise from a low of around 89,500, reaching a peak near 94,500, then pulled back into consolidation.
From the 1-hour Bollinger Bands, the channel opening has been widening, indicating increasing trend strength and market volatility; the middle and upper bands are diverging upwards, further confirming that the upward trend will continue; the price has been moving along the upper band, showing that the bulls still dominate the market, and the upward pattern is very clear.
Bitcoin
Operational suggestion: 91,600-90,700
Target: 93,000-94,200
Altcoin
Operational suggestion: 3,180-3,130
Target: 3,300-3,360
$BTC $ETH