Yesterday morning, due to insufficient trading volume, Bitcoin did not reach the mid-line resistance of the daily chart and began to fall under pressure. Our strategy of buying low and selling high did not catch Bitcoin's peak, while Ethereum successfully took profit. Congratulations to those who followed along.
After the weekly K update, the MA5 daily moving average continues to rise. (After the rise from afternoon to evening) the TD indicator continues to show an upward TD8 trend. In terms of indicators, MACD is starting to decrease in volume with a bullish trend, and KDJ's three lines are beginning to flatten. Bitcoin has once again stood above the previous resistance of 106800. The current pressure has turned into support, with the short-term key support level at 105000. If it cannot effectively break below this support on a pullback, then the weekly TD8 upward trend will not be damaged. A further rebound to 110000 is just a matter of time.
From the daily perspective, Bitcoin is currently slightly fluctuating around the MA 5 and 10-day moving averages, with K bars showing a mix of bullish and bearish arrangements. The TD indicator has recently shown an upward TD3 trend, but the overall BOLL band is still running relatively flat. MACD is operating below the zero axis with decreasing volume, and KDJ's three lines are showing an upward sentiment. Currently, Bitcoin has stabilized above the mid-line resistance, which has turned into support. Therefore, if it cannot break below the mid-line support in the short term, the bullish sentiment will continue to rise.
On the 4-hour chart, after the closing in the early morning, the price broke out and is operating near the upper BOLL band. MACD and KDJ are resonating upward, and the MA5, 10, and 30-day moving averages are also showing a resonating upward pattern, indicating that the bulls still have room to expand. Combined with the hourly chart, the current trend is leaning towards a fluctuating upward movement, with the upper resistance reference at 110500-112000. Therefore, for the early morning operations, my personal view is to focus on buying low, with selling high as a supplementary strategy.
Operational strategy: Buy on pullbacks at 106800-106300. Target: 109000-110500. Stop loss: 105800.
Ethereum's overall trend is basically in sync with Bitcoin, but the market favors Bitcoin, resulting in significantly lower trading volume for Ethereum. However, the current trend still shows a slight recovery trend, so my personal view for the early morning is also to focus on buying on pullbacks.
Operational strategy: Buy at 2530-2500. Target: 2580-2640. Stop loss: 2480.
For the short-term trend, this should be sufficient, and I will continue to follow up.
This personal view is for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!
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。
