Looking back at the midday Bitcoin market, after breaking through the 106000 level, it has retraced to the current position, successfully validating the high sell-low buy strategy that has always been advocated by Lao Zhuo. The weekend market is just like this, with relatively small market volatility; such a market is suitable for high sell-low buy, entering and exiting in a timely manner, without being greedy. There is no way to become fat in one bite. Our strategy was successfully validated in the morning, achieving nearly 700 points of space.
From the four-hour level, the Bitcoin market is hovering around the middle track of the Bollinger Bands, continuously making tentative breakthroughs, and the three tracks of the Bollinger Bands are gradually forming a closing trend, indicating that a big market is about to come. Keep an eye on the real market and choose the right time to enter. From the hourly level, the price is distributed in the upper area of the Bollinger Bands. After a midday retracement to the middle track, it quickly rebounded to the current position. In the afternoon, we continue to enter long positions and focus on whether the 106000 level can be effectively broken. Currently, the market sees 106000 as a short-term pressure point. If an effective breakthrough at 106000 occurs, we will layout long positions accordingly.
Bitcoin is around 105000, target 106500.
Ether is around 2530, target 2650.
