Friday, Summary of Real Transactions and Evening Analysis and Trading Suggestions for Bitcoin and Ethereum
This afternoon, Ethereum's upward trend successfully took profits as we anticipated, and the strong rebound once again validated our judgment. Meanwhile, looking back at Bitcoin's performance, although its fluctuations were not as intense as Ethereum's, it also maintained a steady upward trajectory. In the morning, we successfully captured a long opportunity during a pullback, gaining over 900 points. Subsequently, as the bottom stabilized, we arranged for another long position in the afternoon, achieving over 1600 points in profit from Bitcoin, while Ethereum also gained over 90 points. This back-and-forth operation in such a market has indeed brought us considerable profits. With enthusiastic supporters coming to welcome new partners, I can only say that trust is priceless, and we will do our utmost to work together next week.
However, it is important to note that the current strong upward trend of Ethereum is not suitable for blindly catching pullbacks. Meanwhile, Bitcoin's price has retreated to around 102800 in the evening.
From a technical indicator perspective, the BOLL indicator on the hourly level for Bitcoin shows that the price has encountered resistance near the upper band, and volatility is beginning to narrow, making a downward reversal likely. In the KDJ indicator, the three lines have formed a death cross near 50, with the J value at a low level, indicating that selling pressure is dominant. Regarding the MACD indicator, the DIF line has crossed below the DEA line, forming a death cross, and the green bars continue to expand, indicating that bearish momentum is strengthening. Overall, Bitcoin on the hourly level faces multiple bearish signals, and the short-term downside risk has increased.
However, please note that market trends are influenced by various factors, including the macroeconomic environment, policies, market sentiment, etc. Therefore, when making trading decisions, we also need to combine technical analysis from other time frames and comprehensive judgments based on news.
Early Morning Trading Suggestions:
Bitcoin: It is recommended to look for short opportunities around 102800-103300, with a target price set at 101500. But please remain vigilant and adjust strategies flexibly according to the actual market trends.
Ethereum: It is suggested to consider shorting around 2300-2330, with a target price set at 2250.
Similarly, investors need to closely monitor market dynamics and adjust trading plans in a timely manner.
