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BTC Market Analysis
After the daily chart of Bitcoin closed with a bullish candle, it then formed a bearish candle, showing signs of a reversal in the long and short positions. However, the current price is above the MA30 and in a daily bullish trend. Therefore, in terms of the daily chart, maintaining a long position layout to observe the retracement is the best choice. On the 4-hour candlestick chart, the Bollinger Bands are opening upwards, with the middle rail providing strong support. Although the MACD is running with increased volume in the short position, the current price is stabilizing strongly. After the sharp decline of the KDJ below 50, it will stick together for a period of time, which is the time for the bulls to exert their strength. On the hourly candlestick chart, Bitcoin shows a slight divergence, which is caused by the excessive strength of the bulls. Therefore, it is recommended to go long on the short-term retracement at 27100-27300 for Bitcoin.
The daily situation of Ethereum is not very optimistic. The strong support at 1640 is within reach. If Bitcoin retraces, Ethereum will easily decline to this level. Therefore, today, Ethereum should pay more attention to the trend of Bitcoin and maintain a sticky operation.
Specific operational recommendations suggest real-time copy trading.
Strength is not just talk on paper, nor is it bragging about profits. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no markets that don't make money, only trades that can't hold profits. When others are making profits and you are in a loss, you might as well chat with Brother Xibu. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with copy trading. As long as you are willing, I will not let you down!
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