Market opportunities are often hidden behind the noise of the market. True traders do not obsess over every price fluctuation but instead show real insight at critical moments—seeing clearly where the next move is while most people are still on the sidelines.
In the early session, a long position was established around 94,000, but the market did not follow the script. Throughout the day, it showed a pattern of oscillating downward, and this position was eventually closed at the breakeven price. Sometimes, the market is like this—plans can't keep up with changes.
Now, re-examining the chart. The overall bullish pattern has not been broken. After three consecutive bearish candles on the four-hour chart, it turned back into bullish candles, indicating a quite regular correction structure. On the one-hour level, the price gradually slid from the upper band of the Bollinger Bands toward the lower support—appearing to release pressure on the bears. But this is crucial: the Bollinger Bands did not expand downward; instead, the upper, middle, and lower bands all contracted simultaneously. What does this mean? The downward momentum is rapidly diminishing, and the space for a rebound is building. Under this pattern, the price typically converges near support zones, accumulating energy for the next upward move.
Therefore, the trading strategy is as follows: Buy around 92,500 for Bitcoin, targeting 94,500 Enter around 3,180 for Ethereum, targeting near 3,300
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.
17 Likes
Reward
17
5
Repost
Share
Comment
0/400
BtcDailyResearcher
· 01-08 03:50
I correctly predicted the Bollinger Bands narrowing step, but my reaction speed was still a bit slow.
View OriginalReply0
MEVvictim
· 01-06 18:37
If you enter long at 92,500, can this wave reach 94,500? Feels like there's a bit of pressure above.
View OriginalReply0
SybilSlayer
· 01-06 10:50
The idea of Bollinger Bands narrowing has been heard too many times; the key still depends on whether it can break the level.
View OriginalReply0
NFTRegretful
· 01-06 10:45
I see the Bollinger Bands narrowing—it's quite interesting.
View OriginalReply0
PriceOracleFairy
· 01-06 10:36
ngl the bollinger squeeze play here is *chef's kiss* — when all three bands collapse inward like that, it's basically the market holding its breath before the next move. seen this pattern leak alpha too many times not to respect it lol
Market opportunities are often hidden behind the noise of the market. True traders do not obsess over every price fluctuation but instead show real insight at critical moments—seeing clearly where the next move is while most people are still on the sidelines.
In the early session, a long position was established around 94,000, but the market did not follow the script. Throughout the day, it showed a pattern of oscillating downward, and this position was eventually closed at the breakeven price. Sometimes, the market is like this—plans can't keep up with changes.
Now, re-examining the chart. The overall bullish pattern has not been broken. After three consecutive bearish candles on the four-hour chart, it turned back into bullish candles, indicating a quite regular correction structure. On the one-hour level, the price gradually slid from the upper band of the Bollinger Bands toward the lower support—appearing to release pressure on the bears. But this is crucial: the Bollinger Bands did not expand downward; instead, the upper, middle, and lower bands all contracted simultaneously. What does this mean? The downward momentum is rapidly diminishing, and the space for a rebound is building. Under this pattern, the price typically converges near support zones, accumulating energy for the next upward move.
Therefore, the trading strategy is as follows:
Buy around 92,500 for Bitcoin, targeting 94,500
Enter around 3,180 for Ethereum, targeting near 3,300