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! ETH market trend analysis follow-up: →♥
Yesterday's non-farm payroll data news, after the small fluctuations, there was nothing else. This oscillation was nerve-wracking, but for active traders, they can go long and short multiple times, as shown in the chart. The trend is really chaotic, but in fact, it’s just a Bollinger Bands hourly oscillation range, with shorts near the upper band and longs near the lower band. Combining some other indicators, if you keep an eye on the market, you can keep trading back and forth until now, as it hasn't ended yet. Currently, the Bollinger Bands on this hourly chart have contracted into a range-bound channel. It seems the upcoming news is waiting for the Fed's rate hike?