Bitcoin's technical outlook shows clear bottoming characteristics. On the four-hour chart, the Bollinger Bands are noticeably narrowing, and the breakout pattern has been gradually forming. This typically indicates that the market may soon choose a direction. The hourly level is even more optimistic—support levels below are gradually solidifying, and the momentum for a rebound continues to accumulate. The bottom formation is quite healthy, and the conditions for a bullish reversal are gradually maturing.
From an operational perspective, Bitcoin can be positioned around 90,200 for a long, with a target near 92,000. Ethereum's situation is similar; around 3,060 is a good entry point for bulls, with an upward target focused on the 3,150 level. These price levels reflect the current support strength and also consider recent resistance distribution. In the short term, the bullish rebound momentum is worth looking forward to.
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BankruptWorker
· 01-12 05:21
The idea of Bollinger Bands narrowing has been heard too many times. Is it about to take off again?
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CounterIndicator
· 01-11 01:53
When Bollinger Bands narrow, everyone expects a breakout. I'm tired of hearing this explanation.
It's either a healthy bottom pattern or rebound momentum building up. And the result? Still bouncing around.
Going long at 90200? Dare to tell me where your stop loss is?
Ethereum at 3060? Ha, I'll consider it when it drops to 2800.
These kinds of analyses are nine out of ten times post-hoc, very accurate in hindsight.
There's no point in expecting a short-term rebound. I'll wait for long-term confirmation signals before getting in.
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tx_pending_forever
· 01-11 01:25
90200 long? Brother, will it really rise this time? I've already been trapped three times.
Bitcoin's technical outlook shows clear bottoming characteristics. On the four-hour chart, the Bollinger Bands are noticeably narrowing, and the breakout pattern has been gradually forming. This typically indicates that the market may soon choose a direction. The hourly level is even more optimistic—support levels below are gradually solidifying, and the momentum for a rebound continues to accumulate. The bottom formation is quite healthy, and the conditions for a bullish reversal are gradually maturing.
From an operational perspective, Bitcoin can be positioned around 90,200 for a long, with a target near 92,000. Ethereum's situation is similar; around 3,060 is a good entry point for bulls, with an upward target focused on the 3,150 level. These price levels reflect the current support strength and also consider recent resistance distribution. In the short term, the bullish rebound momentum is worth looking forward to.