Midnight Friday Bitcoin Ethereum Latest Market Analysis and Summary
Review of the evening's long position strategy perfectly realized; the evening strategy emphasized short-term shorting while waiting for a lower entry to go long. The market rose to a high point near 103700 and then faced resistance, falling to a low point around 102300. Friends who followed the strategy should have profited from the long-short transition. Now, let's talk about the day's long position strategy which has been continuously winning; yesterday's midnight position captured a space of 2440 points before exiting, and today we continue to hold a bullish outlook, with afternoon positions capturing spaces of 821 points and 831 points respectively. Currently, the market is fluctuating near the 102600 level, and we will continue to maintain the strategy of buying on dips this evening. Aggressive traders can try going long with a small position now, while conservative traders should continue to wait for suitable entry points.
According to the current market situation, the price action shows an alternating pattern, with prices consistently maintaining high levels. The Bollinger Bands are opening upward, indicating that the overall trend is still under the control of bulls. From the one-hour timeframe, after reaching recent highs, the market has encountered a pullback, but it is clear that support at the middle Bollinger Band is quite strong. The MACD indicator's fast and slow lines are still operating above the zero axis. Currently, the price is operating within a small range, indicating that the bulls are gathering strength. As long as the intraday gains are not retraced, the market will continue to follow the bullish trend. Therefore, for midnight operations, we will continue to maintain a low long position strategy.
Operational Suggestions:
Go long in the range of 101500-102000 for Bitcoin, aiming for 104000.
Go long in the range of 2220-2250 for Ethereum, aiming for 2400.
