After the rise of 3.26 Bitcoin and Ethereum, is it consolidating for a powerful surge or luring in more long positions?

CN
允彦
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1 year ago

Trading philosophy: Look at the trend in the long term, find the position in the short term.

Market review: Yesterday's daytime market remained stable in the range of Bitcoin 68000-66500 and Ethereum 3420-3500. The high short strategy we deployed was steadily taking profits at the low level, and the profit-taking notice was also released simultaneously. Later, the market suddenly surged. Currently, the highest has reached around Bitcoin 71600 and Ethereum 3680. In the early morning, we once again set up short positions at the pressure level, shorting the Bitcoin 70800-71300 range, with a target of 69500-68000, and shorting the Ethereum 3650-3690 range, with a target of 3600-3550. The early market retracement also basically reached the first target and took profits again.

Technical analysis: For Bitcoin, the daily chart has now run to above the middle track of the Bollinger Bands, with the MACD moving average running parallel, decreasing bearish volume, and the KDJ line moving upwards. The 4-hour chart continues to run with an expanding Bollinger Bands, the MACD moving average running upwards, and the KDJ line running parallel, with increasing bullish volume. As for Ethereum, the daily chart trend is slightly weaker, running near the middle track of the Bollinger Bands, with the MACD moving average running parallel, decreasing bearish volume, and the KDJ line moving upwards. The 4-hour chart has an expanding Bollinger Bands, the MACD moving average running upwards, gradually increasing bullish volume, and the KDJ line running parallel.

In summary, the current market is adjusting after the high rise, and after taking profits from the short positions in the early morning, it is suggested to re-enter long positions at this level.

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Operation suggestions:

Long Bitcoin in the 69600-70200 range, with a target of 71500-72500, and defense at 69000.

Long Ethereum in the 3590-3630 range, with a target of 3680-3720, and defense at 3550.

The strategy is time-sensitive, and specific guidance in real time is subject to private instruction!

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