Trading concept: Look at the trend in the long term, and find the position in the short term.
Market review: The market saw an expected dip to support levels of Bitcoin at 63,000 and Ethereum at 3,000 around the time of the halving announcement. As mentioned earlier, once the previous support level is broken, it will form a new resistance level, and similarly, once the previous resistance level is broken, it will form a new support level. Currently, the overall situation is still within the range-bound structure. Therefore, it was suggested to ambush long positions at the support level during the day, and it has been successful in capturing profits.
Technical analysis: For Bitcoin, the Bollinger Bands on the daily chart are starting to converge, the MACD moving averages are running parallel, the bearish volume is starting to decrease, and the KDJ line is running parallel. On the 4-hour chart, the Bollinger Bands are starting to slightly expand upwards, and after the market reached the middle track, it began to rebound. The MACD moving averages are running upwards, the bullish volume is gradually decreasing, and the KDJ line is running parallel. As for Ethereum, various technical indicators are basically synchronized with Bitcoin.
In summary, the market only began to rebound with strength after three consecutive dips to around 60,000 for Bitcoin and 2,900 for Ethereum on the daily chart, and it happens to be at the Fibonacci line. Therefore, personally, I believe that the bullish trend will re-emerge in the future, unless the market can once again break through the 60,000 and 2,900 levels. Friends who have not entered the market can refer to the following operations!
Operation suggestions:
Long position in the 63,000-63,500 area for Bitcoin, with a target of 64,500-65,500 and a defensive position at 62,000!
Long position in the 3,000-3,030 area for Ethereum, with a target of 3,100-3,150 and a defensive position at 2,950!
The strategy is time-sensitive, and specific guidance in real time is subject to change!
Follow WeChat public account "允彦"!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
