Bitcoin and Ethereum short positions have taken profit again!

CN
允彦
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13 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 continues to close with a large bullish candlestick near the upper Bollinger Band, which is starting to open slightly upwards. The MACD moving average continues to rise, bullish volume is beginning to increase, and the KDJ line is moving upwards. On the 4-hour chart, the Bollinger Band continues to open upwards, the price remains above the middle line of the Bollinger Band, the MACD moving average continues to rise, bullish volume is starting to decrease, and the KDJ line is beginning to move downwards;

For Ethereum, the daily chart continues to close bullishly above the middle line of the Bollinger Band, which is starting to flatten. The MACD moving average continues to run smoothly, bullish volume pressure is evident, and the KDJ line is starting to move upwards. On the 4-hour chart, the Bollinger Band is starting to open upwards, the MACD moving average continues to rise, bullish volume is beginning to decrease, and the KDJ line is starting to move downwards;

In summary, the overall market has stabilized above 96000 and 3200, rising all the way up to around 101000 for Bitcoin and around 3470 for Ethereum. Yesterday's strategy was to go long, and both Bitcoin and Ethereum reached and exceeded the expected take-profit levels. The morning market surge reminded aggressive short-term traders to short, and the target has basically been reached, with shorts taking profit again!

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