Tuesday Morning Observation:



Bitcoin 4-hour chart shows a slightly strong consolidation, pulling back after hitting resistance at the top. The long shadows clearly reflect the intense battle between bulls and bears. The Bollinger Bands are slowly expanding, which is a sign that the bulls are gathering strength. The hourly chart has regained stability above the middle band, and the MACD double lines are about to converge at low levels — the bullish pattern remains unchanged, and after sufficient consolidation, it will continue to push higher.

Specifically, $BTC is fluctuating within the 90900-90400 range, with a target of 92000-92800. $ETH is seeking a bottom in the 3070-3050 range, with resistance above at 3120-3150.

In the short term, technical indicators still support further upward movement, but the pace may need some consolidation. At such times, patience is key; a pullback to the middle band is an opportunity.
BTC-1,27%
ETH-4,65%
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
  • 6
  • Repost
  • Share
Comment
0/400
BasementAlchemistvip
· 01-15 20:40
Talking about Bollinger Band expansion and bullish momentum again. I'm tired of this rhetoric. Let's see if it can break 92,000.
View OriginalReply0
HashRateHermitvip
· 01-15 19:01
Still waiting for a pullback, I'm tired of this explanation... But the 92,000 level is indeed interesting.
View OriginalReply0
BearMarketSunriservip
· 01-13 00:37
Here comes the Bollinger Bands expansion again, claiming that the bulls are coming every time, but it just ends up oscillating and frustrating everyone.
View OriginalReply0
ServantOfSatoshivip
· 01-13 00:36
Are you thinking of rushing in when the Bollinger Bands expand? I think, instead, it's better to wait for a pullback to the middle band. Don't rush.
View OriginalReply0
AirdropDreamervip
· 01-13 00:21
Bollinger Bands are expanding, and the bulls still want to keep pushing. This round of consolidation is a bit frustrating.
View OriginalReply0
ConsensusDissentervip
· 01-13 00:11
It's that same "be patient" advice again. I think, rather than waiting for a pullback, it's better to see if 92,000 can hold steadily. If it can't, then it's just a false move.
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)