Tuesday, Week 2.10, Bitcoin / Ethereum Silk Road
On the 4-hour chart, after the price dipped below 60,000 and quickly rebounded, it is now oscillating around 70,000 to build a base. Technically, the Bollinger Bands are narrowing, and the middle band provides strong support compared to the price. The MACD green histogram continues to expand, but the momentum appears to be weakening.
Personal suggestion,
Bitcoin can be bought near 68,000-69,000 with a target of 71,000-72,000,
Ethereum can be bought near 2,050-2,090 with a target of 2,150-2,200.
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