After the weekend's fluctuations and adjustments, the short-term strategy of high selling and low buying that we laid out on Saturday has also yielded a good profit margin. Congratulations to those who followed along.
Currently, looking at Bitcoin's daily chart, the price is still being suppressed by the middle band of the BOLL indicator, with the MA 5 and 10-day moving averages also pressing down on the price. The TD indicator has reached a downward TD4 K-bar, showing a downward arrangement. The MACD and KDJ indicators are displaying bearish divergence at the bottom, and with the MA5 daily moving average and the middle band of the BOLL indicator about to overlap, it indicates strong resistance around the 106000-106500 range. Additionally, with low trading volume over the weekend, the market is expected to lean towards slight range-bound adjustments. If Bitcoin cannot effectively stabilize above any resistance during the weekend rebound, it is advisable to maintain a bearish outlook.
On the 4-hour chart, after the closing in the early morning, the K-bar is showing a mixed arrangement and fluctuating. However, the MACD and KDJ indicators have shown a short-term rebound sentiment. The overall BOLL bands are starting to narrow, and the MA30-day moving average is still in a downward trend, indicating strong resistance above 106000. Combining this with the hourly chart, the current short-term market is leaning towards slight fluctuations and rebounds. In the early morning, it is crucial to pay attention to the resistance at the 106000-106500 range. If Bitcoin's early morning rebound cannot effectively stabilize above any resistance, my personal view is to primarily consider bearish positions with some support for bullish positions.
Trading strategy: Range of 106000-106700, target: 105000-104300, stop loss: 107000.
Ethereum's overall trend is currently synchronized with Bitcoin, and the daily chart's overall trend is lagging behind Bitcoin by one cycle. The short-term market is also leaning towards range-bound adjustments, with resistance at the high points around 2580-2610 and support at the low points around 2490-2450. Therefore, for early morning trading, my personal view is to maintain a primarily bearish outlook.
Trading strategy: Range of 2575-2600, target: 2520-2480, stop loss: 2615.
This is expected to be sufficient for short-term trends, and the weekly K updates will continue.
My personal views are for reference only; there may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be guided in real-time. Please exercise caution when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!
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