Market Review:
Yesterday's sudden plunge at the opening caused everyone to be caught off guard as the index dropped to 3500 points. In the early morning, the market made a second retracement attempt to test the 40000 point integer mark, and after gaining support, it rebounded to above 41000 in the morning and oscillated around that level. The current market is oscillating around 41700.
Market Analysis:
Looking at the four-hour technical chart, the Bollinger Bands are running with an open gap, the MA is running downward, the MCAD is gradually running downward, the bearish energy column is shrinking, and the KDJ three lines are gradually running upward. On the 1-hour candlestick chart, the market has moved from running below the lower Bollinger Band to above the middle Bollinger Band. The MACD has just formed a golden cross, and the momentum of the Doji has begun to increase. The KDJ three lines are trending upward, with the gap gradually widening. Although the short-term market rebound is weak, the bearish momentum is significantly shrinking, and the possibility of further decline is not high. Therefore, the suggested directional operation in the near term is to focus on buying on dips and shorting at highs.
Trading Suggestions:
BTC: Look to buy around 41500 with a target near 42000-42500, stop loss at 300 points.
ETH: Look to buy around 2220 with a target near 2260-2300, stop loss at 20 points.
The above suggestions are personal opinions and are for reference only.
Risk Warning and Disclaimer: The market is risky, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual readers' specific investment objectives, financial situation, or needs. Readers should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this information is at your own risk. (For friends who are still confused about trading, you may want to take a look at the strategies provided. Real-time guidance for 24 hours, as market fluctuations are fast. Due to the impact of timeliness during review, real-time layout is the main consideration for the subsequent market trends. Coin friends in need of contract guidance can scan the QR code at the bottom of the article to add my public account.)
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