Trading concept: Look at the trend in the long term, find the position in the short term.

Market review: Following the continuous sharp decline in the market over the weekend, Bitcoin dropped from 71000 to 60000, and Ethereum dropped from 3500 to 2800. We took a short position at the levels of 71000 and 3500, and the returns were quite considerable. Currently, the market has experienced a significant decline, so our long positions over the past two days have all met expectations.

Technical analysis: For Bitcoin, the daily chart ran to the lower Bollinger Band and formed a bullish pin bar, the Bollinger Bands expanded, the MACD moving average trended downward, the selling volume gradually decreased, and the KDJ line moved parallel. On the 4-hour chart, the Bollinger Bands began to contract, the MACD moving average started to trend upward, the buying volume began to show, and the KDJ line adjusted upward. As for Ethereum, various technical indicators are basically synchronized with Bitcoin.

In summary, the key levels for the current trend assessment are around 63000 for Bitcoin and 3000 for Ethereum. It seems that after the bottom exploration, the rebound met expectations and did not continue to break through the downside, so the bullish trend has not completely changed. After the bottom exploration, the subsequent operation should mainly focus on long positions.

Trading suggestions:

Long position in the 65000-65500 area for Bitcoin, with a target of 66500-67500 and a defensive position at 64500.

Long position in the 3160-3190 area for Ethereum, with a target of 3280-3350 and a defensive position at 3120.

For specific entry and exit positions, please follow the official account! The strategy is time-sensitive, and specific guidance in real time should be followed.

Follow WeChat official account "允彦"!

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