There is only one direction for investment, not long or short, but the right direction. I am the Coin Brother of the West, a friend willing to accompany you to rise again. The long road to recovery, Coin Brother is with you.
BTC Market Analysis
After collecting the weekly line, Bitcoin stretched strongly and stabilized above 70,000. It is currently priced around 70,200. If it can stabilize above 71,300 in the future, it will form a double bottom pattern on the daily line, and the price will definitely break through the previous high pressure of 74,000. The layout of the practical team members has already begun, and friends who have not caught up yet still have the opportunity. The MACD on the daily line may change from bearish to bullish, and there are signs of a golden cross on the fast and slow lines. The bullish trend on the daily line is beginning to show significant strength. The support below on the 4-hour chart will rise slowly to around 69,500 after continuing over time, so in the future, attention can be paid to whether the price can retrace to this position to layout short-term long positions. After Ethereum's intraday rebound today, the price has reached the previous high pressure of 3,580. Although the upward movement is very obvious, the overall trend has not confirmed the bullish strength. Coin Brother believes that Ethereum will only reverse the daily trend if it surges above 3,600. Therefore, be cautious about chasing high prices for Ethereum, and positions with good bottom chips can continue to hold. In summary, it is suggested to continue to buy on the subsequent pullback.
BTC Trading Suggestions
Long at 69,500-69,800, target 73,000
ETH Trading Suggestions
Long at 3,520-3,530, target 3,630
Suggestions are for reference only, take profits at your own discretion
Strength is not just talk on paper, nor is it bragging about profits. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no markets where you don't make money, only positions where you can't hold onto the profits. When others are making money and you are at a loss, you might as well chat with the Coin Brother of the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following. As long as you are willing, I will not disappoint!
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