Thursday afternoon Bitcoin and Ethereum latest market analysis and trading suggestions
Looking back at the midday strategy of buying on the dip, it perfectly paid off, with the real-time high reaching around 111800, close to the 112000 mark, but did not break through effectively. Lao Tian emphasized in the midday strategy that long positions could exit early. The real-time market also retreated to around 110400 as expected. We positioned short at high levels to capture the dip, securing a profit of 763 points. Friends who followed the buying on dips strategy in the afternoon have now gained hundreds of points. Currently, the direction of the market is very important. We will continue to maintain the strategy of buying on the dip in the afternoon. Lao Tian firmly believes that each dip in the real market is just to gather strength for a better breakthrough.
According to the analysis of the current technical indicators, the four-hour level shows that after a single-sided break above the upper Bollinger Band, there is pressure and a pullback, but overall, it is still in an upward channel, and the pullback can be seen as a corrective adjustment in the trend. The one-hour level shows three consecutive bearish candles falling below the upper Bollinger Band, but the Bollinger Band maintains an upward opening shape, and the MACD fast and slow lines remain above the zero axis with continuously accumulating positive values, indicating that the short-term pullback has not changed the medium-term upward trend.
Trading Suggestions:
Buy Bitcoin in the range of 110000-110500, target 112000.
Buy Ethereum around 2620-2640, target 2750.
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