5.8 Bitcoin and Ethereum market trend analysis and trading suggestions!

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6 hours ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart shows a bullish candlestick near 97,000, the Bollinger Bands continue to narrow upwards, the MACD moving averages are turning upwards, after the bearish volume dissipates, bullish momentum appears, and the KDJ is also turning upwards. On the 4-hour chart, the Bollinger Bands are starting to open upwards, the MACD moving averages continue to rise, bullish volume is increasing, and the KDJ line is moving upwards;

For Ethereum, the daily chart shows a doji candlestick near 1,810, the Bollinger Bands continue to narrow upwards, the MACD moving averages are gradually rising, there are signs of renewed bullish volume, and the KDJ line is starting to turn upwards again. On the 4-hour chart, the Bollinger Bands are starting to open upwards, the MACD moving averages are beginning to rise, bullish volume is increasing again, and the KDJ line is moving upwards;

Yesterday's trading suggestion was to short at high levels, and the evening market performed a expected correction, successfully taking profit on the short position. The morning market broke upwards, and currently, it is consolidating at high levels. The short-term suggestion is still to short and look for a small pullback!

Trading Suggestion: Short at high levels!

Current price for Bitcoin is to short at 98,800-99,300, with a target of 97,800-97,000 and a stop loss at 99,800;

For Ethereum, short at 1,900-1,920, with a target of 1,850-1,800 and a stop loss at 1,950;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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