On Friday, the market fluctuated, with Bitcoin exhibiting a V-shaped reversal. Yesterday, I reminded everyone to buy the dip in Bitcoin and Ethereum.
Bitcoin was bought at 102800 and sold at 106000, making a profit of 3200.
Ethereum was bought at 2467 and sold at 2571, making a profit of 104.
Both trades directly netted 18,000 USDT, allowing for a significant profit.
From the current 4-hour chart, Bitcoin's price shows a low-level consolidation after a downward fluctuation. After the price surged to a high of 110653, bearish forces took over, with K-lines continuously closing in the red and significantly retreating to a low of 102614. It then entered a low-level consolidation stage, where bulls and bears repeatedly battled in the 104000 - 106000 range, with K-lines alternating between red and green, reflecting a stalemate in short-term forces. After the price broke below the middle Bollinger Band, the middle band turned from support to resistance, guiding the price further down to test the lower band. The price is operating within the middle and lower Bollinger Band range, with the opening showing signs of convergence followed by expansion, suggesting that volatility may increase; the KDJ three-line indicator has formed a low-level golden cross and is diverging upwards, indicating short-term rebound momentum; the MACD indicator is in a death cross state, and the green energy bars are persistent, indicating that the overall bearish trend has not completely reversed, but the low-level golden cross signal may suggest a short-term shift in bullish and bearish forces. Overall, although there is a short-term rebound attempt, the overall trend is still influenced by bearish forces, and the effectiveness of lower band support needs to be closely monitored. If the price continues to break below the lower band, the bearish trend may persist; if it can stabilize and break above the middle band, there may be an opportunity for a bullish counterattack.
Saturday's operation suggestions:
For Bitcoin, consider shorting around 106500, targeting 103800.
For Ethereum, consider shorting around 2590, targeting 2480.