Evening Trading Ideas
During the afternoon session, the Bitcoin market continued to show a weak pattern, with prices fluctuating downward. After reaching the key support level around 916, a technical rebound occurred, briefly rising to the 925 price range. However, the current market only shows initial signs of stabilization, with prices continuing to oscillate narrowly around the middle band of the Bollinger Bands, constrained by overhead resistance, and the rebound momentum is clearly insufficient.
From a technical analysis perspective, the overall trend of the market has not fundamentally changed. The KDJ indicator has formed a golden cross and is diverging upward, releasing positive signals for short-term price increases; however, considering the current price's relative high level, one must be cautious of potential subsequent pullback risks. Meanwhile, the changes in the MACD indicator are noteworthy, as its value is expanding positively, suggesting that buying power is gradually strengthening, potentially providing strong support for further upward movement in the market.
Trading Strategy: Focus on the interplay between price and the middle band of the Bollinger Bands. If the price can effectively stabilize above the middle band and the MACD indicator continues to operate in the positive area.
Today's guidance for entering long positions is still showing profits in Bitcoin, while holding against the Aunt's position. I will continue to look bullish this evening, considering adding to positions based on the strength of the pullback.
Operational Suggestions
For Bitcoin, positions can be lightly established around 922-916, with target prices looking towards 940 - 948.
Aunt's synchronized entry and exit
Properly manage position risk to guard against the adverse effects of sudden market fluctuations.
