Market Review:
Yesterday's market also signaled the return of the bulls. The slow rise during the day continued until midnight today, bolstered by news-driven strong upward movement. It reached a high near 43500 before falling back under pressure. Ethereum followed the rhythm of Bitcoin and launched another surge, reaching a high near 2280 before experiencing a pullback. Currently, Bitcoin is fluctuating around 42700, and Ethereum around 2250.
Market Analysis:
Looking at the four-hour technical chart, the Bollinger Bands are running in a converging manner, the MACD is running upwards after a crossover, and the bullish energy column is expanding. The KDJ lines are parallel and are about to form a golden cross. On the daily chart, the market dipped and then rebounded yesterday, closing with a large bullish candle, once again reversing the technical stance upwards with the help of news. The short-term trend has strengthened, breaking through the consolidation range, and the 10-day moving average continues to rise. With the support of ETF, although the impact may not be as drastic as before, the subsequent market is expected to continue to rise, most likely in a fluctuating upward trend. Therefore, the suggested directional strategy in the near term is to focus on buying the dips and consider shorting at higher levels.
Trading Suggestions:
BTC: Consider buying near 42350 with a target around 43200-43500, with a stop loss of 300 points.
ETH: Consider buying near 2235 with a target around 2280-2300, with a stop loss of 20 points.
The above suggestions are personal opinions and are for reference only.
Risk Warning and Disclaimer:
The market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice and has not taken into account individual readers' specific investment objectives, financial situations, or needs. Readers should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Any investment made based on this information is at the reader's 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 based on actual trading is the main focus for future 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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