Is the market gathering strength for a breakthrough or is it a case of a prodigal son returning?

CN
方华
Follow
1 year ago

BTC

As for the overall structure of Bitcoin, on the 4-hour chart, the price is in an upward channel, with the low gradually rising. However, the resistance around 67200 is still obvious, and multiple attempts to break through have been unsuccessful. Currently, the price is running near the upward trend line, and the 2-hour price is also oscillating at a high level, without forming a better breakthrough. Looking at the secondary chart indicators, the 4-hour MACD has formed a bearish cross, but it is still running above the zero axis and has not formed a downtrend with increased volume. The KDJ three lines are sticking together and turning downwards again, indicating a possible retracement in the short term, but with not much force. It is advisable to operate with a long position around the bottom support.

Resistance: 67200-68000

Support: 65500-64500

Trading Suggestions:

Consider going long near 65600, add to the position near 64800, with a target of 66500-67200. If broken, pay attention to the vicinity of 68000, and defend below 64500.

ETH

Ethereum's overall trend is relatively stronger compared to Bitcoin, briefly touching the 3290 level today. Looking at the 4-hour chart, the price is also in an upward channel, and has been oscillating upward along the EMA30 moving average line, and the price has stabilized above the EMA144 moving average line on the 2-hour chart. Currently, there is a short-term retracement due to the linkage with Bitcoin. In the future, it is advisable to enter long positions around the upward trend line or near the EMA30 moving average line.

Resistance: 3300-3350

Support: 3200-3150

Trading Suggestions:

Consider going long near 3200-3210, add to the position near 3170, with a target of 3250-3280. If broken, look at 3320. Defend below 3150.

No brakes, no travel; no stop-loss, no trading.

Scan the code to follow for more strategy sharing.

Disclaimer: The above are personal opinions and are for reference only. Investment carries risks, and entering the market requires caution! If you enter the market based on this information, you are responsible for your own gains and losses!

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。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink