Bitcoin's trend remains unchanged. From the trend, we can see that the upward trend is still intact and very strong, so our main strategy is still to buy on dips. There was a pullback after divergence in this area yesterday and the day before.
The pullback occurred around the 100,000 mark, and then it quickly rebounded, closing above. As of now, Bitcoin has formed a daily level trend pattern, which means we need to pay close attention to the stop-loss situation at the 100,600 point.
This means that as long as the 100,600 point does not break, we can generally buy on dips.
As long as we break above the 105,000 point, I think we can consider going long, with a target of 108,000 and the previous high.
If it breaks below the 100,600 point, I personally think we should exit and observe in the short term.
After confirming the consolidation over the past two days, Ethereum successfully broke through this area yesterday and reached a new high.
As of now, it has just reached the 2,760-2,860 range we analyzed in yesterday's video.
There has been a slight pullback, and the current price is consolidating within this range. From the 4-hour trend, the upward trend is still clear, so we continue to focus on buying on dips and continue to play the long positions.
First, we need to pay attention to the 2,760-2,800 range, then to 2,860, and further up we should focus on 2,930. From the previous trend, we can see that 2,930 is a key level. The previous upward movement did not surpass this high. For the short term, we are looking at the high point after the last pullback.
If the price continues to strengthen and breaks above this range, it may consolidate before attacking above 3,000. This is something we need to pay attention to. Overall, as long as the 4-hour trend remains unchanged, we continue to buy on dips.
We can buy on dips, but if it breaks this trend line, we should temporarily exit and observe without making any trades.
To get more point strategies, follow the public account: KK Strategy
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