6.17 Midnight Thought Analysis
The evening's bullish strategy has once again broken through and approached the 107700 level. Another 1300 has been achieved, with 40 points of space for the altcoin. One-sided midnight trading still requires special attention to the emotional response after a pullback; midnight disturbances can be quite serious.
Four-hour technical analysis shows that we are currently maintaining a range of 107000-108000 with a fluctuating pattern. The formation of three red soldiers releases a strong bullish signal, indicating that the market's buying power is dominating. Although indicators such as MACD and KDJ show a bullish arrangement, we still need to be cautious of the upper Bollinger Band resistance at 107550. The midnight strategy revolves around low bullish thoughts, ensuring proper stop-losses and avoiding counter-trading.
Midnight Trading Strategy
- Long near 106500-106000 for Bitcoin, targeting around 107500. If broken, further targets at 109000.
- Long near 2620-2580 for altcoin, targeting around 2650, and if broken, further targets at 2720.
