Morning thought analysis



From the 4-hour chart, the Bollinger Bands are narrowing, and the price is slowly moving up along the 5-day moving average, but the upward momentum is not very strong. Therefore, if the key resistance level above has not been broken, it is best not to rush to go long, as the market may face pressure and pull back again. Currently, the market is experiencing wide fluctuations in the short term, and there are no signs of breaking out yet. Technically, the Bollinger Bands are tightening, and the price is oscillating near the middle band, with unclear short-term direction for bulls and bears. So today, the focus can be mainly on shorting.
Morning operation suggestion:
1️⃣ BTC: Short in the range of 108000-108500, target around 107000.
2️⃣ Ether: Short in the range of 4400-4450, target around 4350.
BTC1.29%
ETH1.26%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)