The Bitcoin and Ethereum high long position strategy updated last night has finally reached our expected target after a day of waiting. Bitcoin had to hit the stop loss due to being too conservative, while Ethereum successfully entered the market. Currently, we are holding a range of 75-115 points, which is quite good for short-term trading. Congratulations to those who followed along.
Currently, the Bitcoin daily chart shows the coin price fluctuating around the MA5 and 10-day moving averages. Although the MACD and KDJ indicators have shown a slight pullback in sentiment in the short term, there is certain short-term support around the 104000 level. As long as the coin price does not effectively break below this level during a pullback, Bitcoin will likely continue its rebound trend in the late night and early morning, with high pressure resistance around 106000-107200.
Currently, on the 4-hour chart, the MA5 and 10-day moving averages have shown a short-term pullback. However, the MA30 daily moving average and the BOLL middle band continue to resonate upwards, intensifying the current market's tendency towards consolidation. Combined with the hourly chart, bullish momentum is continuously weakening. If the coin price breaks above any resistance level again, it is highly likely to return to a downward channel. Therefore, my personal view in the early morning is still to maintain a short-term strategy of buying low and selling high as the main approach, which seems more appropriate.
Operating Idea: 105800 Long Position 106800 Add to Long Position Target: 104500-103500 is fine Stop Loss: 107200
Ethereum's recent performance has once again become poor, with the overall trend diverging from Bitcoin's sentiment. From the 4-hour chart, the K-line high price is continuously declining, and the MA30-day moving average shows a downward trend. Coupled with low short-term trading volume, the overall trend on the daily and 12-hour charts is leaning towards a bearish dominance. Therefore, my personal view in the early morning is still to maintain a short-term strategy of buying low and selling high as the main approach, which seems more appropriate.
Operating Idea: 2510 Long Position -- 2560 Add to Long Position - Target: 2450-2400 is fine Stop Loss: 2575
For the short-term trend, I expect it to be sufficient, and I will continue to follow up later.