Trading concept: Observe the trend in the long term, and identify entry points in the short term.
Market review: Yesterday, the market broke through the resistance level of Bitcoin at 70,000 and Ethereum at 3,400, violently rising to around 73,000 for Bitcoin and 3,650 for Ethereum. It is expected that there will be a certain amount of retracement after the stagnant rise. Therefore, aggressive short positions were set up in the evening, shorting Bitcoin at 72,500-73,000 with a target of 71,500-71,000. After reaching the target, long positions will be taken in line with the trend. Bitcoin's performance basically matches the expected trend, taking a certain amount of profit from short positions before taking long positions. Ethereum's short position was closed with a small profit, and taking long positions exceeded the expected profit-taking.
Technical analysis: For Bitcoin, the daily chart has reached the upper Bollinger Band, the MACD moving average shows signs of turning upwards, the bearish volume is gradually decreasing, and the KDJ line is diverging upwards. The 4-hour chart shows the Bollinger Band opening upwards, the MACD moving average is moving upwards, the bullish volume is starting to decrease, and the KDJ line is starting to move downwards. For Ethereum, the daily chart has also reached the upper Bollinger Band, the MACD moving average has started to turn upwards, the bullish volume is gradually appearing, and the KDJ line is moving upwards. The 4-hour chart shows the Bollinger Band opening upwards, the MACD moving average is moving upwards, the bullish volume continues to increase, and the KDJ line is moving upwards.
In summary, the market has shown strong performance after breaking through the resistance level. Bitcoin and Ethereum have the potential for alternating upward movements. It is recommended to focus on retracement for long positions.
Trading suggestions:
Long Bitcoin in the 71,000-71,500 range, with a target of 72,500-73,000, and a defensive position at 70,500.
Long Ethereum in the 3,620-3,650 range, with a target of 3,700-3,750, and a defensive position at 3,580.
The strategy is time-sensitive, and specific guidance should be based on real-time instructions.
Follow WeChat public account "允彦"!
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。
