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Thursday Night BTC/ETH Latest Outlook
Looking back at our intraday strategy, our analysis was correct again. The current rebound momentum is steadily releasing, with short-term oscillation and digestion of selling pressure, building up energy for a subsequent upward movement.
On the four-hour chart, after the Bollinger Bands' upper band was repeatedly tested and the price declined to the lower band, the bearish momentum weakened, and a rebound began. The long lower shadow confirms strong support below, with vigorous buy-in at low levels.
On the hourly chart, oscillation near the lower Bollinger Band indicates weakening bearish momentum, with solid support, and the upward trend remains unchanged.
Bitcoin: 89,200-90,000 USDT, then 92,000-95,000 USDT;
Ethereum: 3,180-3,130 USDT, then 3,290-3,500 USDT.
Personal opinion, for entertainment only, not investment advice!