The upward trend on the hourly chart is still quite evident, with moving averages showing a bullish alignment. The MACD has formed a golden cross and the histogram is expanding, indicating strong upward momentum. The price is moving near the upper Bollinger Band, and volatility is increasing. Although the RSI is approaching overbought territory, there still appears to be room for further upside. The volume and price structure is healthy, with pullbacks accompanied by increased trading volume and effective support, maintaining an overall bullish outlook.
Trading Recommendations
Go long on BTC around the 91800-91000 range, targeting the 93000-94200 range.
Go long on ETH around the 3140-3120 range, targeting the 3200-3240 range.
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Evening Analysis for 12.8
The upward trend on the hourly chart is still quite evident, with moving averages showing a bullish alignment. The MACD has formed a golden cross and the histogram is expanding, indicating strong upward momentum. The price is moving near the upper Bollinger Band, and volatility is increasing. Although the RSI is approaching overbought territory, there still appears to be room for further upside. The volume and price structure is healthy, with pullbacks accompanied by increased trading volume and effective support, maintaining an overall bullish outlook.
Trading Recommendations
Go long on BTC around the 91800-91000 range, targeting the 93000-94200 range.
Go long on ETH around the 3140-3120 range, targeting the 3200-3240 range.