From the 1-hour perspective, the current market is entering a narrow range of fluctuations as expected. The Bollinger Bands are continuously narrowing, indicating a decrease in short-term volatility and that we are in a proper consolidation and correction phase. Currently, the price is running above the middle band of the Bollinger Bands, with a balance of bullish and bearish forces, and no clear one-sided trend has formed. In fact, this kind of market looks quite anxious, with both sides having opportunities. The key is your ability to manage it, suitable for taking profits quickly. Ether and Bitcoin are significantly synchronized, oscillating back and forth between 4310 and 4350. This market doesn't have a fixed strategy; short-term can switch between bullish and bearish. Buy low, sell high, sell on rallies, and buy on dips while setting appropriate stop-losses.

ETH-0.27%
BTC-0.75%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)