#战略性加仓BTC End of December BTC and ETH Technical Bottom Signal Analysis
Where is the interesting part of this recent market movement? Around December 24 and 27, both BTC and ETH formed classic double bottom patterns. This kind of candlestick structure is a significant reversal signal in technical analysis, indicating that the support levels below are relatively solid and there is potential for upward movement.
Looking at the 4-hour chart, all indicators are signaling a bullish trend. The short-term momentum is gradually accumulating. Based on the current pace, the strategy leans towards buying on dips.
The Bollinger Bands also show notable signs: after dropping to the lower band, there was a quick rebound. Now, the price has stabilized above the middle band, and the lower band has started to turn upward. Although the upper band has slightly pulled back, the channel has not shown a clear downward expansion. This pattern of support at the lower band combined with stabilization at the middle band is favorable for subsequent upward movement.
Specific reference levels: - BTC: Consider in the 86500-87200 range, with targets near 87800-89000 - ETH: In the 2880-2930 range, with targets around 2960-3020
When analyzing the technical patterns and indicators together, a short-term rebound is indeed expected.
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LiquidityWitch
· 1h ago
Double bottom is back again. Will it break new highs this time or will it get crushed down again...
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FadCatcher
· 14h ago
Double bottom reversal sounds good, but can we hold this time? I have a feeling we're about to work for the big players again.
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RugPullAlertBot
· 14h ago
Double bottom reversal? I see... I've heard this explanation too many times. Every time, it's said to have potential. But what about now? It still depends on whether the market gives face or not. Technical analysis is nice to talk about as a reference, but frankly, it's just armchair analysis after the fact.
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StableCoinKaren
· 14h ago
The double bottom is back again, I feel like I say this every time.
#战略性加仓BTC End of December BTC and ETH Technical Bottom Signal Analysis
Where is the interesting part of this recent market movement? Around December 24 and 27, both BTC and ETH formed classic double bottom patterns. This kind of candlestick structure is a significant reversal signal in technical analysis, indicating that the support levels below are relatively solid and there is potential for upward movement.
Looking at the 4-hour chart, all indicators are signaling a bullish trend. The short-term momentum is gradually accumulating. Based on the current pace, the strategy leans towards buying on dips.
The Bollinger Bands also show notable signs: after dropping to the lower band, there was a quick rebound. Now, the price has stabilized above the middle band, and the lower band has started to turn upward. Although the upper band has slightly pulled back, the channel has not shown a clear downward expansion. This pattern of support at the lower band combined with stabilization at the middle band is favorable for subsequent upward movement.
Specific reference levels:
- BTC: Consider in the 86500-87200 range, with targets near 87800-89000
- ETH: In the 2880-2930 range, with targets around 2960-3020
When analyzing the technical patterns and indicators together, a short-term rebound is indeed expected.