From the one-hour chart, after the market made a strong breakout with four consecutive bullish candles above the middle band of the Bollinger Bands, although there have been bearish attempts for a technical correction, the pullback strength is weak and has not formed effective resistance. Meanwhile, the MACD indicator's dual lines have formed a golden cross at a low level, and the energy bars have been steadily running above the 0-axis, confirming the return of bullish momentum. Based on this, the morning market is expected to continue the upward trend.
Trading strategy: You can wait to place long orders in the range of 4360-4320, with target positions at 4400-4450.
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Morning ETH analysis
From the one-hour chart, after the market made a strong breakout with four consecutive bullish candles above the middle band of the Bollinger Bands, although there have been bearish attempts for a technical correction, the pullback strength is weak and has not formed effective resistance. Meanwhile, the MACD indicator's dual lines have formed a golden cross at a low level, and the energy bars have been steadily running above the 0-axis, confirming the return of bullish momentum. Based on this, the morning market is expected to continue the upward trend.
Trading strategy: You can wait to place long orders in the range of 4360-4320, with target positions at 4400-4450.