Morning!
Yesterday, the overall white plate continued to maintain a state of oscillation and repair, and there was a high and low in the evening market. The highest point reached near 28130, while the lowest point tested the support area near 27350. The market then oscillated within the range of 27500, and the support at 27300 has not been broken through. We can continue to operate on the long side relying on this support.
Looking at the hourly chart, the Bollinger Bands channel has opened up, forming an open state. The coin price is currently near the lower rail, and the candlestick shows a trend of decline. However, despite the multiple highs and subsequent declines, the support level of 27300 has not been broken. This indicates that the current market momentum has weakened and cannot further test the support level. In fact, the current position is more like building a base at the bottom, and as time goes on, it will become increasingly difficult to break below this position. If a breakthrough occurs, there may likely be a wave of high market trends. Therefore, we can continue to maintain a cautious attitude.
Morning Personal Operation Suggestions by Lao Zhu
For Bitcoin, go long near 27500-27400, with a target of 28000-28500.
For Ethereum, go long near 1630-1620, with a target of 1650-1680.
Lao Zhu trades short-term every day and provides the latest market information interpretation. If you are not confident in reading the candlesticks or determining the direction, you can follow his lead!
- I am Zhu Zhengting, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let's exchange ideas and profit together!
Weibo: Zhu Zhengting Master
WeChat Official Account: Zhu Zhengting Master
The article is time-sensitive, so be mindful of the risks. The above are personal suggestions and are for reference only!
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