Trading philosophy: Look at the trend in the long term, find the position in the short term;
Market review: The above once again emphasizes that the market is testing the bottom support again. Bitcoin is at 68500-68000, and Ethereum is at 3450-3400. If it can stabilize, the market may continue to fluctuate. If the support is broken, the market will continue to decline. You can rely on the resistance level to short again. In yesterday's session, the market rebounded to around 70000 for Bitcoin after hitting bottom, and around 3390 for Ethereum before falling again. After breaking the support, the market plummeted to a low of around 64600 for Bitcoin and 3210 for Ethereum;
Technical analysis: For Bitcoin, the daily chart has fallen below the middle track of the Bollinger Bands, and it is difficult for the current rebound to regain lost ground. The MACD and KDJ lines are both running downwards, and the selling volume is starting to increase again. The 4-hour chart shows a wide opening of the Bollinger Bands and a large downward break, with the MACD line continuing to run downwards, and the selling volume showing a decrease. The KDJ line is starting to run upwards for adjustment. For Ethereum, the daily chart has fallen to the lower track of the Bollinger Bands, and the MACD and KDJ lines are both running downwards, with the selling volume starting to increase again. The 4-hour chart also shows a wide opening and continuous downward break, with the MACD line continuing to run downwards, and the selling volume showing a decrease. The KDJ line is starting to run upwards for adjustment;
Overall, the current market has shown the expected correction trend, and is currently in a horizontal trend after hitting bottom. It is expected that the market will have a certain rebound. Bitcoin is at 66000-66500, and Ethereum is at 3300-3350. Aggressive traders can try a small long position, while conservative traders can wait for the market to rebound to the above-mentioned resistance level range before shorting!
Operation suggestions:
Short Bitcoin in the 66400-66800 range, with a target of 65400-64500, and a defensive position at 67500!
Short Ethereum in the 3320-3350 range, with a target of 3250-3200, and a defensive position at 3390!
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。
