From a technical structure perspective, on the 4-hour chart, the current Bollinger Bands indicator shows that the price has stabilized near the middle band and is moving towards the upper band. The channel is generally expanding, with the upper and middle bands continuously extending upward, showing no clear signs of flattening or convergence. Meanwhile, in the stochastic indicator KDJ, the K and D lines are forming a golden cross again near the 50 level, and the J line is moving upward out of the oscillation zone, indicating that short-term momentum is gradually strengthening, forming a relatively clear bullish signal.
It is recommended to go long around 90000 and 89200, with the first target at 93000, and a breakout to the upside targeting 95000.
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.
From a technical structure perspective, on the 4-hour chart, the current Bollinger Bands indicator shows that the price has stabilized near the middle band and is moving towards the upper band. The channel is generally expanding, with the upper and middle bands continuously extending upward, showing no clear signs of flattening or convergence. Meanwhile, in the stochastic indicator KDJ, the K and D lines are forming a golden cross again near the 50 level, and the J line is moving upward out of the oscillation zone, indicating that short-term momentum is gradually strengthening, forming a relatively clear bullish signal.
It is recommended to go long around 90000 and 89200, with the first target at 93000, and a breakout to the upside targeting 95000.