Saturday, 12.20 Bitcoin and Ethereum Evening Analysis
Currently, trading activity within the market is relatively sparse on an hourly basis, with limited daily volatility, consistent with the subdued atmosphere of Saturday markets. The Bollinger Bands continue to show convergence, indicating a low likelihood of the market breaking out of the current range in the short term, and there is a risk of a downward breakout. Investors are advised to remain cautious and avoid impulsive market entries.
For traders eager to make transactions, a strict buy high, sell low strategy should be adopted, focusing on short-term operations, and ensuring light positions with stop-loss orders to prevent losses from trend reversals.
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Saturday, 12.20 Bitcoin and Ethereum Evening Analysis
Currently, trading activity within the market is relatively sparse on an hourly basis, with limited daily volatility, consistent with the subdued atmosphere of Saturday markets. The Bollinger Bands continue to show convergence, indicating a low likelihood of the market breaking out of the current range in the short term, and there is a risk of a downward breakout. Investors are advised to remain cautious and avoid impulsive market entries.
For traders eager to make transactions, a strict buy high, sell low strategy should be adopted, focusing on short-term operations, and ensuring light positions with stop-loss orders to prevent losses from trend reversals.
Bitcoin recommendation: 89000-88500 Target: 87300
Ethereum recommendation: 3020-2980 Target: 2935