Reviewing the intraday trend, the price has been oscillating around the midline, with multiple attempts to break out failing to form a clear directional trend, showing a typical long-short game pattern.
The zero-hour close was pressured and fell back, indicating obvious short-term resistance above. The four-hour Bollinger Bands have significantly contracted, further narrowing the oscillation range. Going forward, focus should be on the validity of the support below, and consider positioning based on the support.
Trading Suggestions Look for a long position around 86,000-86,500 for Bitcoin, with a target of 88,000-88,500 Look for a long position around 2,840-2,870 for Ethereum, with a target of around 3,000$BTC $ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morning Analysis
Reviewing the intraday trend, the price has been oscillating around the midline, with multiple attempts to break out failing to form a clear directional trend, showing a typical long-short game pattern.
The zero-hour close was pressured and fell back, indicating obvious short-term resistance above. The four-hour Bollinger Bands have significantly contracted, further narrowing the oscillation range. Going forward, focus should be on the validity of the support below, and consider positioning based on the support.
Trading Suggestions
Look for a long position around 86,000-86,500 for Bitcoin, with a target of 88,000-88,500
Look for a long position around 2,840-2,870 for Ethereum, with a target of around 3,000$BTC $ETH