On Saturday, the Bitcoin market stopped after a drop to the support level of 102700 in the morning, and then began to rebound, with the price peaking at 104085 around noon. Similarly for Ethereum, after dropping to a low of 2315, the price started to rebound, reaching a peak of 2377 around noon. Brother Sheng had previously provided a bullish outlook in the morning, and the market moved as expected. The well-planned Bitcoin long position entered around 102820 and took profit near 103913, gaining 1100 points. Brother Sheng analyzes every market signal professionally, using experience to avoid every risk and obstacle, leading students to an impressive profit curve.
According to the current market situation, the four-hour level indicates that the market is still operating below the upper Bollinger Band. The KDJ indicator shows signs of turning upwards at this level, and the MACD fast and slow lines are gradually converging and maintaining above the 0 axis, indicating an overall bullish trend. From the one-hour level, the market shows a two consecutive bullish pattern, breaking through the upper Bollinger Band before pausing. There is still resistance above, and the MACD indicator values are still in the negative range, but the KDJ indicator J has entered the overbought zone, indicating a risk of pullback in the short term. Therefore, in the afternoon, we can first observe the intensity of the pullback, and then take a low long position after it has retraced.
Bitcoin can go long around 103000 with a short-term target of 104500.
Ethereum can go long around 2330 with a short-term target of 2400.
