Many times people will say that society is unfair, but in fact, it's all relative. A simple example is the luxury cars driven by the wealthy and the ordinary cars driven by regular people. They may be ahead at the start, but under the management of laws and regulations, the maximum speed is the same. With a little more effort, they all reach the same speed. The slow bird flies first, so it can't be said that society is completely fair, especially in the trading market!
Bitcoin Market Analysis
The price of BTC was near 27,300 in the early morning yesterday, without effective upward movement. After stagnating, it turned downwards. In the evening, after breaking through, Mingjie entered a short position and gained a 400-point profit. Subsequently, support was formed near 26,400, and the current price is around 26,670.
Yesterday evening's analysis also mentioned that there would be strong support around 26,400-26,200, followed by a rebound. From a technical perspective, the MACD on the hourly chart formed a golden cross at the bottom, indicating an upward trend for the day. In the short term, we are already bullish, and we are paying attention to Mingjie's future analysis.
Ethereum Market Analysis
Ethereum experienced a sharp drop yesterday. The price surged from around 1,640 in the early morning yesterday, and then traded within a range during the day. In the evening, it broke through and experienced a waterfall-like decline, dropping to 1,565 before rebounding. After the decline, Mingjie immediately suggested a long position, gaining a 14-point profit. The current price is at 1,591.
Looking at the hourly chart, the candlesticks show a staggered upward trend, the Bollinger Bands are opening and flattening. After waiting for consolidation and stabilization, it will start to rise. The KDJ indicator continues to rise, and there is little room for downside. If there is a pullback during the day, it will be a good entry point. The analysis for the day remains unchanged.
BTC Strategy: Go long near 26,600-26,500, with a target near 27,000.
ETH Strategy: Go long near 1,590, with a target near 1,610.
Trading is not about frequent transactions, but about making the right ones. Mingjie's style is to achieve continuous and stable profits. Our goal is to achieve stable profits for a win-win situation. Strictly adhere to the rules, execute them strictly, manage risks well, and achieve continuous and stable profits. If we are wrong, we admit it, never deceive, and never make excuses afterward. Long-term cooperation and making friends with like-minded people are my ultimate goals. Join early in a good market and earn early profits.
For more details, follow Mingjie's official account.
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