December 30th Bitcoin and Ethereum Morning Public Strategy
Bitcoin's daily Bollinger Bands continue to contract and flatten, with volatility compressed to 86,000-90,000, indicating a significant stalemate between bulls and bears.
On the short-term timeframe, the 4-hour MACD shows a bearish shrinking trend, suggesting a short-term rebound correction is needed. However, the 4-hour moving averages still form resistance above, limiting the rebound space.
Bitcoin: Range around 86,000-87,000, with a target of 88,500-90,000. Upon reaching the target, consider a reversal trade.
Ethereum: Range around 2,900-2,920, with a target of 3,020-3,040. Upon reaching the target, consider a reversal trade.
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December 30th Bitcoin and Ethereum Morning Public Strategy
Bitcoin's daily Bollinger Bands continue to contract and flatten, with volatility compressed to 86,000-90,000, indicating a significant stalemate between bulls and bears.
On the short-term timeframe, the 4-hour MACD shows a bearish shrinking trend, suggesting a short-term rebound correction is needed. However, the 4-hour moving averages still form resistance above, limiting the rebound space.
Bitcoin: Range around 86,000-87,000, with a target of 88,500-90,000. Upon reaching the target, consider a reversal trade.
Ethereum: Range around 2,900-2,920, with a target of 3,020-3,040. Upon reaching the target, consider a reversal trade.