Within the day, it bottomed out as expected at 2.880 and rebounded to the 3.000 resistance level, creating a resistance space of 120. Currently still at a high level.
From a short-term perspective, the Bollinger Bands are narrowing, closely hugging the four-hour upper band. The MA momentum is beginning to shift direction, indicating that the bullish momentum is dominant. However, a single-sided trend has not yet formed, so the focus should be on resistance rather than support.
For entry points, first look for a pullback, aiming around 2.900. #BTC #ETH
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Within the day, it bottomed out as expected at 2.880 and rebounded to the 3.000 resistance level, creating a resistance space of 120. Currently still at a high level.
From a short-term perspective, the Bollinger Bands are narrowing, closely hugging the four-hour upper band. The MA momentum is beginning to shift direction, indicating that the bullish momentum is dominant. However, a single-sided trend has not yet formed, so the focus should be on resistance rather than support.
For entry points, first look for a pullback, aiming around 2.900. #BTC #ETH