Contract trading is not a casino, but a dojo for practice. The ultimate winner is not the one who becomes rich by luck, but the one who can remain calm amidst wild fluctuations and adhere to discipline during emotional storms. True profit is not just in the growth of account numbers, but also in the maturity of the mind and the ability to manage risk. In the early morning, as the Federal Reserve's interest rate meeting begins, the price of currencies experiences a slight dip, reaching a low of around 97,500, with nearly a 1,000-point retracement space. In the early morning, we adopted a bearish approach and captured nearly 800 points of profit. Then, as the bottom stabilized, the price began to rise, currently reaching around 97,300.
From the technical indicators of the one-hour chart, Bitcoin is currently running between the middle and upper bands of the Bollinger Bands, with the bands expanding, indicating that bulls dominate and the upward trend is strong; in the KDJ indicator, the K line is above the D line, and although the J value is overbought, the bullish trend is not over; in the MACD indicator, the DIF is above the DEA, and the histogram is shortening, indicating a weakening of the bears and accumulation of the bulls. Overall, the bias is bullish, and the price is expected to rise in the short term, but due to the KDJ being overbought, attention should be paid to the risk of a pullback. In the morning, we will mainly participate with low bullish positions.
Bitcoin strategy: Buy near 97,000, target 98,500.
Ethereum strategy: Buy near 1,810, target 1,870.
