It's time for low long positions again.

CN
9 hours ago

Let's take a look at today's market analysis. First, we will look at Bitcoin. Bitcoin is still consolidating and fluctuating within this range on a larger time frame.

For the next few days, we just need to engage in high selling and low buying actions. Previously, we also achieved some small profits within certain ranges.

From a smaller 4-hour time frame, there is a very clear upward trend in this area.

In terms of trading strategy, we can continue to buy on dips as long as this trend line holds. If it breaks below this trend line, we can temporarily exit the market on a short-term basis.

If we consider the range fluctuations, we should look at the 91,500 point below. As long as this point holds and we remain within this range, we can buy on dips.

Looking upwards, 96,000 remains a strong support level that has not yet been broken. However, one thing is certain: the longer it consolidates here, the higher the probability of a breakout upwards.

If it breaks above, we need to pay close attention to the 96,000 to 98,000 range, as there haven't been any significant changes.

Now let's talk about Ethereum. From a larger time frame perspective, it is also in a wide-ranging box fluctuation.

However, there is one point: during the drop last night, it touched the upper line of the VGASS channel and achieved a strong rebound.

Yesterday's strategy allowed for both long and short positions. We entered a long position around 60 and took profit at 27, then opened a short position at 27 and took profit at 44. It was a successful dual strategy.

In last night's meeting, we suggested that aggressive traders could continue to bet on long positions within this range.

Today, we successfully made profits again. Currently, for Ethereum, the 1720 point is very strong. As long as it does not break below this point, we can buy on dips and look upwards, initially focusing on the breakout situation at 1860.

If this range cannot break, we can still engage in speculative trading. If it breaks above, we need to pay close attention to the next resistance levels, which are 1900, 1960, and 2,000.

If you still feel confused about trading, you can follow our public account: KK Strategy.

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