Let's review yesterday's Ethereum market. Yesterday morning, Ethereum was trading near 1625, with a spike, and the market saw an upward trend during the day, reaching around 1660 at its peak. While Bitcoin broke through its previous high, Ethereum did not, forming an overall M-shaped pattern. In the morning, Mingjie also mentioned the idea of going long at the low. Currently, the price is around 1650.
The overall trend is biased towards oscillating upward movement, and slow rise is still a rise. Mingjie remains optimistic about the upward space, acknowledging the possibility of a pullback after reaching a high. As long as there is a suitable opportunity for a pullback, we can enter for more. The four-hour Bollinger Bands are opening upwards, with the candlesticks finding support near the middle rail. Currently, the KDJ technical indicator is also in a golden cross state. The intraday strategy remains unchanged and still bullish.
Bitcoin strategy: Long near 27200, target near 27600
Ethereum strategy: Long near 1640, target near 1670
The market changes rapidly, and it is important to follow the trend; the trend is king. Plan your trades and trade your plan. How far a person can go depends on who they are with. A person's achievements in the market depend on who guides them.
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