Sailing through the waves of the cryptocurrency world, each of us is a dream-chasing navigator. Here, there are no fixed routes, only the courage and wisdom to keep exploring. Remember, each market fluctuation is a test of our faith; each cycle of bull and bear is a sharpening of patience and determination. Over the weekend, the Bitcoin market showed a range-bound volatility, with prices touching the high of 105000 in the morning before facing downward pressure, retreating to 103283 in the afternoon, and then beginning to fluctuate around this range until the evening. Ethereum exhibited a downward trend with volatility, gradually dipping from the morning high of 2608, with the price reaching a low of 2435 in the evening. The day’s strategy of two long positions in Bitcoin and one long position in Ethereum yielded expected results. The morning Bitcoin long position was entered around 103407 and exited near 104846, capturing a space of 1400 points. The afternoon Bitcoin long position was entered around 103389 and exited near 104610, capturing a space of 1200 points. The total capture for the two Bitcoin longs during the day amounted to 2600 points. The Ethereum long position entered around 2474 and exited around 2593, capturing a space of 120 points.
From the current market perspective, the four-hour level shows a pattern of two bearish candles followed by one bullish candle. The Bollinger Bands are gradually narrowing, and the space is continuously being compressed. However, the middle line of the Bollinger Bands remains upward, and the MACD fast and slow lines are still operating above the 0 axis, indicating that the overall market is still in a box cycle. From the one-hour level, the market has retraced below the middle line of the Bollinger Bands, but the pullback is not significant. Additionally, the previous low points after the pullback are continually rising, indicating that the current pullback is merely a correction in the upward process. Thus, for the midnight operation, we can maintain a low long strategy.
Bitcoin can go long around 103500, aiming for 105000.
Ethereum can go long around 2430-2450, aiming for 2550.
