Analyzing the 4-hour chart, the Bollinger Bands’ middle band is trending upward, with both the upper and lower bands expanding outward. This indicates that the market’s uptrend is still continuing, the short-term price fluctuation range has widened, and bullish momentum is being continuously released. Therefore, the current operational strategy is to focus on buying on pullbacks, while also being prepared to respond flexibly to short-term fluctuations.
Trading Suggestions
For BTC, consider going long around 92,800-92,200, with a target of 93,800-95,000.
For ETH, consider going long around 3,030-2,980, with a target of 3,130-3,150.
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.
12.3 Afternoon Strategy Analysis
Analyzing the 4-hour chart, the Bollinger Bands’ middle band is trending upward, with both the upper and lower bands expanding outward. This indicates that the market’s uptrend is still continuing, the short-term price fluctuation range has widened, and bullish momentum is being continuously released. Therefore, the current operational strategy is to focus on buying on pullbacks, while also being prepared to respond flexibly to short-term fluctuations.
Trading Suggestions
For BTC, consider going long around 92,800-92,200, with a target of 93,800-95,000.
For ETH, consider going long around 3,030-2,980, with a target of 3,130-3,150.