Today, the price of Bitcoin has exceeded 110,000, up 1.91% from the previous day, indicating an overall upward trend in the market. The KDJ indicator on the four-hour chart has turned from a death cross to a golden cross and is moving upward, suggesting that market momentum has rebounded in the short term, which may signal the possibility of a price rebound. The MACD indicator shows that the green bearish momentum bars continue to expand, but overall, the main chart indicators still show signs of an upward trend. This indicates that although there is short-term pullback pressure, the overall direction leans towards bullish.

The price of Bitcoin is under pressure at the upper Bollinger Band while receiving support from the lower Bollinger Band, indicating that the price is in a sideways consolidation range with limited volatility. The RSI index is at 71.35, close to the overbought zone, but historical trends indicate there is still some upward space, suggesting that the market has not yet reached its peak. The 200-week moving average heat map shows that the 200-week moving average is in the blue zone, indicating that the price has not yet peaked, and there are still opportunities to hold and buy. Overall, the four-hour trend indicator for Bitcoin shows that the market is generally oscillating upward, with technical indicators leaning towards bullishness, but short-term attention should be paid to the pullback risk at resistance levels.

The previous article successfully made a profit of 3000 points on Bitcoin long positions, and it is recommended to continue positioning long on pullbacks in the future market.

Bitcoin trading advice: Gradually build long positions near 107800——108500, target: 110800——111200

Stop-loss: 107300

Ethereum trading advice: Gradually build long positions near 2470——2520, target: 2640——2680

Stop-loss: 2440

The principle of investing is to know when to stop. In a generally favorable market trend, one should not be blindly optimistic and must not forget the risks while chasing highs. Stock market risks exist not only in bear markets but also in bull markets. If one is not careful, even in an upward trend, losses can still occur. Once an investment mistake is made, the losses can be severe.

I have long focused on the analysis of mainstream coin market trends, sharing daily points. The market changes rapidly, and there may be delays in posting, with strategies being time-sensitive and for reference only. Everyone should keep up with real-time strategies; if you are unsure about the direction of future operations, feel free to leave a comment below or follow my homepage! #Strategy增持比特币 #加密市场反弹