Bitcoin recently released several positive signals. Although there were some bearish candles on the 4-hour chart, the subsequent performance has been quite good—price has shown a steady ladder-like upward pattern, indicating that the bulls are gradually pushing higher.
Interestingly, Bitcoin continues to trade near the upper band of the Bollinger Bands, which suggests that the overall market momentum remains positive, and the bulls still have the strength to push upward. While there are some technical selling pressures above, limiting short-term gains, the price has demonstrated good resilience during each correction, indicating that the buying support on dips is relatively solid.
On the hourly level, the alternating consolidation of bullish and bearish candles is actually a normal technical correction process. The price has stabilized within the Bollinger middle to upper band, and in the short term, the bulls still hold the dominant position. Each pullback finds effective support and rebounds, which is a healthy rhythm. From a multi-timeframe perspective, although the market is still oscillating, the overall trend is gradually rising, and the bulls are accumulating advantages in this round of competition.
Ethereum's situation is similar, with a technical outlook also showing a bullish bias. The trading strategy can focus on capturing the oscillating upward rhythm, buying on dips within support zones, and following the bullish momentum with short-term thinking, patiently waiting for the next breakout after the consolidation is complete. Overall, the current technical pattern still points to a sideways but bullish trend, as the market is brewing upward strength through repeated fluctuations.
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MetaverseVagabond
· 01-04 07:05
The upper Bollinger Band is holding steady, this bullish wave has some strength.
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WalletsWatcher
· 01-03 18:53
The upper Bollinger Band holds steady, are the bulls still accumulating? The rhythm is indeed comfortable.
A stepwise rise is stable, the buying strength on dips is quite solid, in the short term, it still depends on whether the support can hold.
Wait a moment, during such times, there is usually a small pullback, don't be fooled.
Waiting for the next breakout, Ethereum is pretty much following this pattern.
To put it simply, it's a bullish oscillation, that's all. Don't overthink it.
With such strong anti-drop ability, it indicates that the bottom consensus is still good. Keep watching.
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RugPullSurvivor
· 01-03 18:53
The upper Bollinger Band is bouncing again, same old story. Let's see if it can break through.
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GweiWatcher
· 01-03 18:53
The Bollinger Bands are hovering near the upper band, are the bulls still in the game?
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The stepwise upward pattern is really steady; those buying on dips are all making profits.
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Every pullback can be followed by a rebound, indicating strong bottom-fishing power.
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It feels like a breakout is brewing again, but I'm just worried it might be a false alarm.
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Short-term bulls are in control, but don't be too greedy; support levels still need to be respected.
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Ethereum is moving in sync with Bitcoin; the rhythm is similar. This oscillating upward pattern has been played out.
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The Bollinger Bands are performing well, but how much can this consolidation really push prices up?
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With such strong resilience to declines, it seems the bottom is indeed solid.
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Multiple timeframes are all pointing to a bullish bias, so just follow the bulls' rhythm and don't mess around.
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The center of gravity is gradually rising—is this a real signal or just another trick to fool me?
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SelfCustodyIssues
· 01-03 18:52
Bollinger Bands upper band sticking tight, this rhythm is really comfortable
Another stepwise rally, the bulls still have some strength in this wave
The opportunity for low buying should come again, just be patient and wait
Such strong resilience to decline indicates there are quite a few buyers stepping in
Every pullback can rebound, this is a healthy way of rising
Oscillating upward? I just want to know when it will truly break through
Ethereum follows the trend and rises, nothing particularly new
It feels like this wave is indeed carefully brewed
With popularity gained, now it’s just about whether it can break new highs
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JustHereForMemes
· 01-03 18:43
Bollinger Band upper band bouncing, the bulls are starting to tell stories again
Both anti-drop capability and accumulation advantage, let's just wait to be trapped
Stair-step rise? I think this wave looks more like drawing a trapezoid trap
Support rebounds support rebounds, when will the rebound be the top?
Buying the dip again and short-term trading again, every time this set of words appears, we have to pay tuition
This rhythm is "healthy" to the extreme, but the wallet is not healthy
Holding steady at the middle Bollinger Band, you'll know once the reverse hammer comes down
Bitcoin recently released several positive signals. Although there were some bearish candles on the 4-hour chart, the subsequent performance has been quite good—price has shown a steady ladder-like upward pattern, indicating that the bulls are gradually pushing higher.
Interestingly, Bitcoin continues to trade near the upper band of the Bollinger Bands, which suggests that the overall market momentum remains positive, and the bulls still have the strength to push upward. While there are some technical selling pressures above, limiting short-term gains, the price has demonstrated good resilience during each correction, indicating that the buying support on dips is relatively solid.
On the hourly level, the alternating consolidation of bullish and bearish candles is actually a normal technical correction process. The price has stabilized within the Bollinger middle to upper band, and in the short term, the bulls still hold the dominant position. Each pullback finds effective support and rebounds, which is a healthy rhythm. From a multi-timeframe perspective, although the market is still oscillating, the overall trend is gradually rising, and the bulls are accumulating advantages in this round of competition.
Ethereum's situation is similar, with a technical outlook also showing a bullish bias. The trading strategy can focus on capturing the oscillating upward rhythm, buying on dips within support zones, and following the bullish momentum with short-term thinking, patiently waiting for the next breakout after the consolidation is complete. Overall, the current technical pattern still points to a sideways but bullish trend, as the market is brewing upward strength through repeated fluctuations.