Shanhe Brother's Currency Analysis: Wednesday Bitcoin and Ethereum Operation Suggestions and Analysis Strategies

CN
1 year ago

Shanhe Brother's Currency Analysis: The morning strategy has been updated, and the overall trend is currently in a retracement correction phase. As long as the midline is not broken, the strong trend remains unchanged, and we can continue to rely on the midline for reference.

The long position continuation strategy we provided at midnight is undoubtedly followed by the market. The price continued to rise, once again breaking through the 38000 mark, reaching a high near 38400, and then falling under pressure. Ethereum also showed signs of weak bullish momentum after reaching a high around 2075. Our long positions entered at around 37680 and 2042 at midnight also profited by approximately 520 points and 30 points, respectively, after the strong upward movement of the price. Yesterday, we continued to focus on the retracement and entered long positions. Bitcoin also gained approximately 1000 points and 70 points respectively. There is no skill involved, just follow Shanhe Brother's strategy to start earning.

Looking at the daily chart, the price formed a large bullish candle, once again testing the previous high. After a slight retreat yesterday, the price is still relatively high this morning. Following the high, the upward movement on the daily chart has slowed down, temporarily showing a retracement and correction rhythm. In terms of retracement space, it is not significant for now, not to mention a reversal. It's just a matter of time. Of course, the longer the time span, the stronger the bullish momentum. The next high will also have enough driving force. Looking at the four-hour chart, the price has retraced twice, but it is still running above the midline, and the low point is continuously rising. It will take time and form to repeatedly confirm the support level after the retracement. The overall trend is currently in a retracement correction phase. As long as the midline is not broken, the strong trend remains unchanged, and we can continue to rely on the midline for reference.

On Wednesday morning, you can directly go long on Bitcoin retracement between 37400-37500, with a target of 38100. For Ethereum, you can directly go long between 2030-2035, with a target of 2090.

Whether you are a novice or an experienced trader struggling in the market, or seeking a stable and profitable trading method, or feeling confused about long-term, medium-term, and short-term investments, you can find me to improve your practical trading skills and survive in the market in the long run.

You can follow the public account: Shanhe Brother's Currency Analysis. Real-time guidance and strategic benefits.

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