Bitcoin Market Analysis

Let's first review the market of Bitcoin from yesterday. In the evening of yesterday, the price of Bitcoin retraced in the US market, bringing it to around 26,600. It then stabilized and rose again to 27,500 in the afternoon, breaking the previous high. There was a pullback and then another rise. Currently, the price is around 27,200.

From the low point last week to now, the price of Bitcoin has been continuously hitting new highs. The current trend is still a fluctuating and rising trend. The Bollinger Bands on the hourly chart are trending upwards, and the K-line is currently running above the middle track. Looking at the MACD energy column, the bearish energy is relatively small, so the short-term strategy is to focus on layout during pullbacks. The intraday strategy is mainly to go long at lower levels.

Ethereum Market Analysis

Let's first review the market of Ethereum from yesterday. In the morning, Ethereum was around 1,625, showing an upward trend, and reached around 1,660. Unlike Bitcoin, Ethereum did not break the previous high and formed an M-shaped pattern. In the morning, Mingjie also mentioned the strategy of going long at lower levels. Currently, the price is around 1,650.

The overall trend is a fluctuating and rising trend, and slow rise is still a rise. Mingjie still sees the upside potential, with the possibility of a pullback after reaching a high. As long as there is a suitable opportunity for a pullback, we can enter the market for more. The Bollinger Bands on the four-hour chart are opening upwards, and the K-line is stabilizing near the middle track. Currently, the KDJ technical indicator is also in a golden cross state. The intraday strategy remains unchanged and still bullish.

Bitcoin Strategy: Go long around 27,000-27,100, with a target around 27,600.

Ethereum Strategy: Go long around 1,630, with a target around 1,670.

Trading is not about frequent transactions, but about correct transactions. Mingjie's style is to achieve continuous and stable profits. Our goal is to achieve a win-win situation through stable profits. Strictly adhere to the rules and execute them strictly, manage risks well, and achieve the goal of continuous and stable profits. If it's wrong, it's wrong, never deceive, and never make hindsight analysis. Long-term cooperation and like-minded friends are my ultimate goal. Joining early in a good market will lead to early profits.

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