Latest operational analysis and position adjustment for large pancake! First of all, I want to say that the entry position given in yesterday's article was quite accurate, right? There were opportunities throughout the day today, but if you missed it, there's nothing I can do.
BTC continues to maintain a bullish trend at the 4-hour level: the price has continuously risen from around 82,000 to above 88,700. Although there were several pullbacks during this period, they all found support in the 86,000 to 86,400 range and quickly rebounded, indicating that the buying power in the market is relatively sufficient. On the technical front, the short-term moving averages (MA5, MA10) and SAR dots are all below the price, and MACD is also expanding above the zero axis, maintaining an overall strong pattern. RSI is in the 60-70 range; although it is already in the strong zone, there are no extreme overbought signals yet, suggesting that there is still a possibility of further upward movement in the short term.
Stop loss adjustment: 85,800; take profit adjustment: 89,700 for position reduction, and stop loss placed above the opening price.
ETH's 4-hour level is still in a bullish structure overall, rebounding from 1,870 to above 2,100, and then consolidating in the 2,030 to 2,070 range. Although the MACD red bars are decreasing, it is still above the zero axis, RSI is near 60, and Stoch RSI shows signs of recovery, indicating that the short-term bullish momentum has not completely faded.
Stop loss remains unchanged (the second pancake is not of my kind, so do not be careless). Take profit: 2,100 for a position reduction; 2,140 for take profit. #Bitcoin #ETH #Ethereum
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