12.10 Morning Analysis

On the daily chart, there has been a continuous upward climb with consecutive bullish candles. The price is closely hugging the upper band of the Bollinger Bands and steadily rising, with trading volume increasing in tandem. This is a core signal of strong bullish control and full momentum. The short-term upward channel remains intact, and the probability of continuing the upward trend is extremely high! On the hourly chart, there has been a brief pullback, which is a normal consolidation during a rally and nothing to panic about! Currently, the Bollinger Bands are continuously expanding, and there is no substantial resistance above, so there is still room for further upside! It is worth noting that the KDJ indicator has entered the overbought zone, indicating some potential for a minor technical pullback, but this is by no means a signal of a trend reversal. On the contrary, it is an excellent window to buy the dip! The core principle for subsequent operations is to follow the trend, stay firmly bullish, and treat pullbacks as high-quality entry opportunities!

Trading Suggestions

Go long on BTC around 92,000, target 94,000

Go long on ETH around 3,280, target 3,400