Trading concept: Look at the trend in the long term, find the position in the short term.
Market review: The market has been fluctuating back and forth in recent days. Overall, the market is in a range-bound state. The resistance above is around 71500 for Bitcoin and 3650 for Ethereum, while the support below is around 68500-69500 for Bitcoin and 3500 for Ethereum. As emphasized in previous articles, the current market should be approached with a mindset of oscillation. There have been ample opportunities for profit in both long and short positions in recent days. Congratulations to those who have timely followed this approach.
Technical analysis: For Bitcoin, the daily chart shows a bearish candlestick with a cross, and the market rebounded after probing the middle Bollinger Band. The MACD moving averages are running parallel, the bearish volume is decreasing, and the KDJ line is moving upward. The 4-hour chart shows the Bollinger Bands closing upwards, the MACD moving averages running parallel, the bearish volume decreasing, and the KDJ line moving upward. As for Ethereum, the daily chart still shows a slightly weaker trend, with a bearish candlestick closing above 3500. The MACD moving averages are running parallel, the bearish volume is decreasing, and the KDJ line is moving upward. The 4-hour chart shows the Bollinger Bands closing upwards, the MACD moving averages running parallel, the bearish volume decreasing, and the KDJ line moving upward.
In summary, the market quickly rebounded after probing the support, and it is expected that the market will once again test the upper resistance. Therefore, it is advisable to go long on the pullback.
Trading suggestions:
Long position in the 69800-70300 area for Bitcoin, with a target of 71500-72000 and a stop loss at 69300.
Long position in the 3530-3560 area for Ethereum, with a target of 3620-3680 and a stop loss at 3500.
The strategy is time-sensitive, and specific guidance in real time should be followed.
Follow WeChat public account "允彦" for more information!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
