The current cryptocurrency market is in a bottom consolidation phase, with bearish momentum significantly weakening. On the 1-hour timeframe, the price is oscillating near the lower Bollinger Band, with a lack of continuation in downward K-line movements. The support at the lower band is becoming more prominent, and a typical bottoming pattern has already emerged, with rebound momentum gradually building up. Given that the price has not effectively broken below the support level, the strong bottoming structure is confirmed. The subsequent layout strategy is clear: primarily rely on existing support levels and adopt a low-buying approach, cautiously chasing short positions.
Recommendation: Buy in the 90000~90500 range, target: 92000, 93000
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The current cryptocurrency market is in a bottom consolidation phase, with bearish momentum significantly weakening. On the 1-hour timeframe, the price is oscillating near the lower Bollinger Band, with a lack of continuation in downward K-line movements. The support at the lower band is becoming more prominent, and a typical bottoming pattern has already emerged, with rebound momentum gradually building up. Given that the price has not effectively broken below the support level, the strong bottoming structure is confirmed. The subsequent layout strategy is clear: primarily rely on existing support levels and adopt a low-buying approach, cautiously chasing short positions.
Recommendation: Buy in the 90000~90500 range, target: 92000, 93000