The cryptocurrency market is not a shortcut to overnight wealth, but a battleground of wisdom and courage. The market has its ups and downs, and people's sentiments fluctuate. Staying calm and analyzing rationally is the key to navigating the turbulent waves of the cryptocurrency world. Late last night, Bitcoin experienced a slight pullback, with the price dropping from a high of 97740 to a low of 96507 before halting. Ethereum similarly pulled back from a high of 1871 to a low of 1830. The short position in Bitcoin that Brother Sheng accurately set up at midnight was entered around 97737 and closed around 96745, earning a profit of 1000 points.
From the current market perspective, the four-hour chart indicates that after reaching a high, there was a certain pullback. The price is currently operating below the upper Bollinger Band, and the overall trend remains in an upward channel. Therefore, the current pullback can be seen as a corrective adjustment during the rising process. From the one-hour chart perspective, after the price fell below the middle Bollinger Band, it began to rebound, and the price has warmed up slightly. The KDJ indicator shows signs of turning upwards, so for this morning's operations, we will adopt a low-buying strategy after the pullback.
Buy Bitcoin near 96500, targeting 97500-98000.
Buy Ethereum near 1830, targeting 1890.
