Tuesday Afternoon, October 6th BTC/ETH Sharing Session
Bitcoin's four-hour K-line is consolidating within a horizontal channel, with the bullish and bearish forces currently in balance. After the price previously retraced to the lower edge of the channel, it continued to rally with bullish candles and has now re-established itself above the middle band of the Bollinger Bands. The middle band provides strong support, indicating a clear absorption strength. This consolidation is not a sign of weakness but rather a buildup of momentum for the subsequent upward movement.
Buy Bitcoin in the 92800-93300 range, target 95500 Buy ETH in the 3190-3210 range, target 3350
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Tuesday Afternoon, October 6th BTC/ETH Sharing Session
Bitcoin's four-hour K-line is consolidating within a horizontal channel, with the bullish and bearish forces currently in balance. After the price previously retraced to the lower edge of the channel, it continued to rally with bullish candles and has now re-established itself above the middle band of the Bollinger Bands. The middle band provides strong support, indicating a clear absorption strength. This consolidation is not a sign of weakness but rather a buildup of momentum for the subsequent upward movement.
Buy Bitcoin in the 92800-93300 range, target 95500
Buy ETH in the 3190-3210 range, target 3350