Last night, after the cryptocurrency price accumulated at a low level, it followed the US stock market upward, surged to 92,000, then pulled back, now consolidating around 91,000.
The 4-hour candlestick chart shows alternating bullish and bearish movements with a slight strength. After testing the upper band again, it pulled back. Long upper shadows indicate fierce battles between bulls and bears; the Bollinger Bands are slowly expanding, and the bullish momentum is steadily accumulating, preparing for a potential upward move. On the hourly chart, the price remains above the middle band, with the MACD lines converging again. The short-term bullish dominance remains unchanged, and after consolidation, there is still upward momentum.
Trading Suggestions: Buy near 91,000-90,100, target 92,500; Buy near 3,070-3,048, target 3,200.
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1.13 Morning Jingyi Trading Strategy Analysis
Last night, after the cryptocurrency price accumulated at a low level, it followed the US stock market upward, surged to 92,000, then pulled back, now consolidating around 91,000.
The 4-hour candlestick chart shows alternating bullish and bearish movements with a slight strength. After testing the upper band again, it pulled back. Long upper shadows indicate fierce battles between bulls and bears; the Bollinger Bands are slowly expanding, and the bullish momentum is steadily accumulating, preparing for a potential upward move. On the hourly chart, the price remains above the middle band, with the MACD lines converging again. The short-term bullish dominance remains unchanged, and after consolidation, there is still upward momentum.
Trading Suggestions:
Buy near 91,000-90,100, target 92,500;
Buy near 3,070-3,048, target 3,200.