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December 23, Bitcoin, ETH market outlook
In the 4-hour cycle, the bullish momentum of Bitcoin is significant and solid. Although the short-term market fluctuates frequently, with multiple highs encountering resistance and falling back, the low points of the pullbacks continue to rise, and the key support area has not been effectively breached by bears, highlighting the strong support of the market during the adjustment phase.
Currently, the price of Bitcoin is steadily operating above the middle band of the Bollinger Bands, which are showing an overall converging upward pattern. This technical signal indicates that the oscillating consolidation rhythm is gradually tilting towards the bullish direction, and bullish momentum is in a continuous accumulation process.
Pancake operation suggestion: Pullback around 88200-87700, looking up at around 89500-92000.
ETH trading suggestion: Pullback near 3010-2960, look up to around 3090-3250, #加密市场小幅回暖