Market Review:
Yesterday, the overall market fluctuated, reaching a high near 44300 and then falling back under pressure. The current market is oscillating around 44000.
Market Analysis:
Looking at the four-hour technical chart, the market is running from the upper Bollinger Band to the middle Bollinger Band, and is currently below the upper Bollinger Band. Overall, it is in a high-level consolidation phase. On the daily chart, with the smooth transition to a positive close after a single negative, the continuation of the structure with consecutive positive closes suggests that the intraday outlook continues to be positive. The current trend remains upward, but the short-term rebound from the low is transitioning to a reversal, accompanied by consolidation and retracement. On a smaller time frame, the market has repeatedly tested the resistance above, but has failed to continue upward, resulting in pin bar candlesticks. However, the bearish recovery is very weak, and after testing the attack and defense lines, the bulls have once again regained control. Overall, the bulls still dominate the structure on the smaller time frame. In the near term, the directional trading strategy suggests focusing on buying the dip and selling the high.
Trading Suggestions:
BTC: Look to buy near 43600 with a target around 44300-44600. Reverse position if it does not break through. Stop loss at 300 points.
ETH: Look to buy near 2220 with a target around 2260-2280. Reverse position if it does not break through. Stop loss at 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 cautious. This article does not constitute personal investment advice and has not taken into account individual readers' specific investment goals, financial situations, or needs. Readers should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Any investment based on this article is at your own risk. (For friends who are still confused about trading, you may want to refer to the strategies provided in the article. Real-time guidance for 24 hours, as market volatility is fast. Due to the impact of review timeliness on the subsequent market trends, real-time layout based on actual trading is the main focus. 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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