Mingjie: The bull market is coming. Are you ready?

CN
1 year ago

Let's review the recent market trends of the cryptocurrency. The price of the token started to fall near the high of 26450. Just when we all thought the market was entering a bearish phase, the price experienced a turnaround near 24888 and then quickly returned to the initial high. The fluctuations this week are still relatively large. In the past, the trend usually had significant volatility during the European and American sessions, but this week is quite the opposite. Most of the market movements occurred during the day. In response to the recent layout, changes have also occurred. The trend has continuity and is different from the previous oscillating market. Each time there is a pullback, it happens quickly, and the rebound is the same. Currently, the trend is still rising, with the price around 26200.

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As mentioned above, the market this week is feared to have continuity. It is not easy to operate unilaterally without seeing a reversal. Intraday, it is still necessary to pay attention to the continuation of the uptrend. It is better to wait for a pullback and then observe the rebound to continue the upward trend. After the high, if there is a stagnation, we need to observe whether it will fall back or continue. From the hourly chart perspective, the Bollinger Bands are opening upwards, so we should still follow the trend.

Bitcoin strategy: Long near 26200-26100, target near 26600

Ethereum strategy: Long near 1610, target near 1640-1660

The cryptocurrency market is always in full swing. It is everyone's common desire to seize the opportunity and get a share of the pie. Please believe that "the only thing between you and financial freedom is a long road." With the guidance of this long road, you will definitely achieve your cryptocurrency wealth dream faster and more steadily.

For more information, follow Mingjie

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