In the early hours of Friday, the Bitcoin market showed a fluctuating downward trend, with the price rising from a high of 97338 to a low of 96122 before stopping. Ethereum also fell from a high of 1872 last night to a low of 1831 this morning. The short position on Bitcoin that Sheng strategically laid out in the early hours was entered around 97172 and exited near 96176, achieving a profit of 1000 points. Sheng's strategies and guidance have now turned into tangible gains. This not only validates market insights but also proves the excellent cooperation with students.
From the current market perspective, the four-hour level shows that after a narrow range of fluctuations, the market is displaying a series of consecutive bullish candles, and the price has broken through the upper Bollinger Band. Although there is some room for a pullback, the support below is evident, and the overall trend is gradually being controlled by bulls. The one-hour level shows that the market is fluctuating above the middle Bollinger Band, with alternating small bearish and bullish candles; however, the MACD fast and slow lines are both running above the 0 axis, indicating that bulls still maintain strong momentum. Although the market shows signs of a pullback, the pullback is not significant, and clear support is provided below, so in the morning, we adopted a strategy of buying on dips after the pullback.
Buy Bitcoin near 96000, targeting 97500.
Buy Ethereum near 1830, targeting 1880.
