Trading concept: Look at the trend in the long term, find the position in the short term.
Market review: In the past two days, the market has been testing up and down repeatedly, maintaining an overall oscillating range. Bitcoin has been operating in the range of 63500-61500, and Ethereum in the range of 3000-3120. Based on this range, it has been basically buying high and selling low, and the overall profit is still good. Currently, the market has broken the range, with Bitcoin falling to the 60000 level and Ethereum falling to the 2900 level.
Technical analysis: For Bitcoin, the daily Bollinger Bands are widening, the MACD moving average is running downwards, the bearish volume continues to increase, and the KDJ line is running downwards. On the 4-hour chart, the Bollinger Bands are starting to widen, the MACD moving average is running downwards, the bearish volume is gradually showing, and the KDJ line is running downwards. As for Ethereum, various technical indicators are basically synchronized with Bitcoin!
Overall, the 62000 level for Bitcoin and the 3000 level for Ethereum on the daily chart are still important points for trend judgment. Although the closing price has not been determined, it seems that after multiple tests, a downward trend has emerged, and the probability of a subsequent recovery is very small. Therefore, the suggestion for subsequent operations is to follow the trend and wait for a rebound to go short. However, in the short term, you can look for a rebound to test the resistance. Once the resistance is successfully tested, the market will further decline!
Operation suggestions:
Long position in the range of 59900-60400 for Bitcoin, with a target of 61300-62000, and a defensive position at 59000.
Long position in the range of 2900-2930 for Ethereum, with a target of 2980-3020, and a defensive position at 2850.
Specific entry and exit positions can be followed on the public account! The strategy is time-sensitive, so please refer to real-time guidance in private for specific details!
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。
