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$BTC
📊 March 12th, Double Bottom Market Analysis & Strategy
ETH 🦄:
In the short term, the price broke below the lower Bollinger Band at 2021.36. The current price is 2027.34. After the support at the lower band temporarily failed, the price approached the previous low of 2005.90, a key support zone. An oversold condition suggests a technical rebound is expected.
Although the MACD green bars are still expanding, the momentum has slowed. If the price stabilizes within the 2005-2010 range, there is potential for an upward correction toward the middle band at 2045.29, with a clear rebound space.
🎯 Double Bottom Strategy (Long Entry)
• Entry Range: 2015-2025
• First Target: 2040
• Second Target: 2055
• Stop Loss: 2000