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Jin Yifan: Bitcoin and Ethereum trading strategy, remains bullish on new highs

CN
老金
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2 years ago
AI summarizes in 5 seconds.

Good afternoon everyone, since the beginning of this week, the market has broken new highs every day. Yesterday evening, it continued to rise, breaking through the 42500 level. In the early hours of today, it once again surged to around 44500, indicating a bullish trend. This is something that I have been emphasizing with everyone recently. Those who have kept up have gained more. Another consecutive victory!

Looking at the four-hour chart, the Bollinger Bands continue to widen, the candlesticks are heading straight to the upper rail, returning to the upper rail operation. The coin price also experienced a slight retreat, continuing the four consecutive upward trends, aiming for around 44500. With the continuous rise of the low point, the bulls are pushing up with volume, indicating that the bulls completely dominate the market. At this time, it is not advisable to short at the high point. Instead, look for long positions during the short-term retreat and follow the trend. The main trend is still bullish.

Operational strategy

Bitcoin: Long near 43350, target near 44300

Ethereum: Long near 2260, target 2340

- I am Jin Yifan, a teacher focused on analysis. Friends who have questions about operations or trends can communicate and learn together! You can consult about market trends and operations!

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Selected Articles by 老金

1 year ago
Jin Yifan: Short-term trading strategies for Bitcoin and Ethereum in the evening
1 year ago
Jin Yifan: Evening Bitcoin and Ethereum Market Analysis and Trading Strategies
1 year ago
Jin Yifan: Short-term Bitcoin and Ethereum trading strategies and analysis for the evening
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