The Fed meeting is imminent, and the market sentiment is a little nervous, let's take a look at the trend of the two main coins first.
**On the Bitcoin side**, the price is fluctuating between the middle and upper bands of the Bollinger Bands, and the band is getting narrower and narrower, indicating that it has not yet thought about where to go in the short term. MACD has a golden cross above the zero axis, but the red bar is shortening, the momentum is decreasing, and there are signs of top divergence on the daily chart. The RSI has not yet entered the overbought zone, and there is theoretically room for upside, but be vigilant. The 4-hour figure is stuck at the key resistance level, and the results of the Fed meeting will know whether it will break through.
**Ethereum** is stronger, running along the upper Bollinger band, and it is indeed strong in the short term, but the K-line entity is slowly shrinking - a signal of decay of kinetic energy. The fast and slow lines of MACD are still diverging, the red bars are enlarged, and the bulls are still dominating the situation, but the slope of the line has begun to slow down, and the risk of high stagflation must be paid attention to.
**Trading ideas**: Bitcoin 91500-92000 is light and long, with a target of 94000-95000; Ethereum is bullish near 3240-3280, targeting 3350-3400. However, the market is changing rapidly, and the trend of $BTC is likely to be changed by the Fed meeting, and the real market still needs to be adjusted with the real-time market.
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LayerZeroHero
· 1h ago
It has proven that Bollinger Band narrowing is a death signal. I've seen too many cases of diminishing momentum, and I feel like this time is just a false rally.
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RektButStillHere
· 5h ago
The Bollinger bands are getting narrower and narrower, and I know something is going to happen, and the Fed's buddies are directly in vain as soon as they open their mouths
#数字资产生态回暖 Bitcoin Ethereum Technical Quick Facts | December 10 transaction reference
The Fed meeting is imminent, and the market sentiment is a little nervous, let's take a look at the trend of the two main coins first.
**On the Bitcoin side**, the price is fluctuating between the middle and upper bands of the Bollinger Bands, and the band is getting narrower and narrower, indicating that it has not yet thought about where to go in the short term. MACD has a golden cross above the zero axis, but the red bar is shortening, the momentum is decreasing, and there are signs of top divergence on the daily chart. The RSI has not yet entered the overbought zone, and there is theoretically room for upside, but be vigilant. The 4-hour figure is stuck at the key resistance level, and the results of the Fed meeting will know whether it will break through.
**Ethereum** is stronger, running along the upper Bollinger band, and it is indeed strong in the short term, but the K-line entity is slowly shrinking - a signal of decay of kinetic energy. The fast and slow lines of MACD are still diverging, the red bars are enlarged, and the bulls are still dominating the situation, but the slope of the line has begun to slow down, and the risk of high stagflation must be paid attention to.
**Trading ideas**: Bitcoin 91500-92000 is light and long, with a target of 94000-95000; Ethereum is bullish near 3240-3280, targeting 3350-3400. However, the market is changing rapidly, and the trend of $BTC is likely to be changed by the Fed meeting, and the real market still needs to be adjusted with the real-time market.