#ETH走势分析 1.29 Early morning $BTC trend review and trading ideas

From the hourly chart, the price is currently stuck at the middle band of the Bollinger Bands, being pulled back and forth. The Bollinger Bands have noticeably narrowed, what does this indicate? The market volatility is decreasing, just like a spring compressed to its limit, and it is very likely to choose a direction for an explosion next.

From a technical perspective, focus on the MACD. If it forms a golden cross below the zero line or shows a bottom divergence signal, then the bulls have a chance. At the current position, both bulls and bears are in a tug-of-war near the middle band of the Bollinger Bands, with neither side giving way.

I personally tend to believe that there will still be some room for a rebound.

For specific operations, refer to:
- Entry Area: The range of 90000-90800 can be considered for placing long positions.
- Target position: First look at 91500-92000, if the volume supports a breakout, 93000 is also possible.

Just a reminder, strategies have a time sensitivity. When the price reaches a certain point, you need to act decisively; hesitation can lead to missed opportunities. Of course, if you're not sure about the entry points, it's best to wait for clearer signals before taking action.

The market is brewing direction in low volatility; being patient is more important than acting blindly.