In the self-discipline of a person, there is infinite potential hidden. The degree of your self-discipline determines the height of your life.

Looking back at yesterday's market, the overall volatility was relatively large. The "big cake" (possibly referring to a cryptocurrency) rebounded strongly from around 26400, and spiked to near 27400. Yesterday, "Lao Bai" also repeatedly suggested going long at the low point of 26400, and then exited near 27200 in the evening, successfully capturing this market, with a profit of 800 points. After a morning pressure drop, the current market for the "big cake" is still running in a range-bound manner. It was also suggested yesterday to operate with both long and short positions, and in the early morning, there was a retracement, with the "big cake" reaching a low of 26800 and Ethereum at 1640. "Lao Bai" also successfully captured this market, with a profit of over 600 points. After continuous oscillation, the morning price today stabilized near 26800.

On the 1-hour chart, the second wave of the uptrend formed based on the Bollinger Band's midline has been released. As the upward wave in the oscillating market, it usually re-plans the range and short-term direction after the end of the second wave. Therefore, although the trend looks bullish today, it is not advisable to chase too high. It is better to wait for a pullback before considering going long. The intraday trend is expected to be a trend of oscillation, pullback, and then rebound. The intraday strategy is to operate with both long and short positions.

Bitcoin trading suggestion: Go long in the 26800-26700 range and short in the 27300-27400 area.

Ethereum trading suggestion: Go long in the 1640-1630 range and short in the 1660-1650 area.

—— Follow "Lao Bai" on Weibo for the latest updates in the cryptocurrency world.

"I am Lao Bai, a teacher dedicated to technical analysis. Anyone with questions about operations or trends can communicate and learn with me! Let's learn and profit together!"

WeChat Official Account: Lao Bai Talks about Coins

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