@ontoanmt
Bollinger Bands are a popular indicator for detecting potential price breakouts. For both Bitcoin and Ethereum, if the price moves close to or outside the upper or lower Bollinger Band, it could signal a potential breakout. A price hitting the upper band suggests that the asset may be overbought and could reverse or consolidate, while touching the lower band may indicate an oversold condition and a possible rebound. A tightening of the bands (also known as a "squeeze") suggests low volatility, and when the bands expand after the squeeze, a breakout could follow in either direction. Monitoring these conditions can help identify potential breakouts for both assets.
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