#Strategy加仓BTC Trading Notes|Recent Bitcoin momentum is quite good



Yesterday's market was very interesting. During the day, it oscillated back and forth at high levels. Although there was a slight pullback in the evening, the bulls immediately stepped up and reclaimed the territory. Overall, this wave of operation maintained a pretty steady upward trend, and the two positions from the day before were both well-timed.

From the daily chart, the moving averages are arranged very nicely, clearly indicating a bullish pattern. The candlesticks are moving upward along the short-term moving averages. Although the bullish volume has some minor fluctuations, overall it remains within a healthy range, laying a good foundation for subsequent rises.

The four-hour level is the key. Bitcoin is now steadily trading above the middle band of the Bollinger Bands. This line has recently become the core support of the upward trend. A confirmed break below it would be a signal; as long as it doesn't break, the outlook remains for continued low buying.

Specific views: BTC can consider going long in the range of 95,000-94,300, with targets at 97,000-98,800. If broken, look towards 100,000. For ETH, focus around 3,280-3,250, with upper targets at 3,400-3,500.

$BTC $ETH
BTC-1,05%
ETH-1,01%
View Original
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
  • 6
  • Repost
  • Share
Comment
0/400
SorryRugPulledvip
· 01-19 01:57
The Bollinger Bands are still firmly stuck at the middle band. If it breaks this time, I'll admit defeat, but right now the bulls are indeed a bit aggressive.
View OriginalReply0
not_your_keysvip
· 01-16 17:35
The Bollinger Bands are holding steady again, and it feels like we can continue to ride the wave. I'm waiting and lurking around 94,300.
View OriginalReply0
tx_or_didn't_happenvip
· 01-16 03:02
The middle band of Bollinger has stabilized this wave. Now it's all about whether 98,800 can hold. If it breaks, reaching 100,000 is not a dream.
View OriginalReply0
SignatureVerifiervip
· 01-16 02:58
ngl the bollinger band setup looks clean on the 4h, but "health is subjective" when volume's doing weird things... validated the breakout logic three times over and yeah, checks out technically speaking. though 95k support feels like everyone and their mom's watching it lol
Reply0
NFTDreamervip
· 01-16 02:55
The middle Bollinger Band is tightly holding, feels like there's still hope in this wave.
View OriginalReply0
metaverse_hermitvip
· 01-16 02:33
Hey, this wave of momentum is really solid. The support from the middle Bollinger Band feels like it can hold for another round.
View OriginalReply0
  • Pin