Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
Last night, Bitcoin's price movement declined as expected. Lao Tian emphasized to follow the trend in the short term and wait for a low point to establish positions. Unfortunately, the actual price fell below the short-term support level, reaching a low near 103300. We suggested a short position around 105300, which should have successfully captured nearly a thousand points of profit. Later, the price formed a small V-shaped reversal structure and has currently rebounded to around 104300. The strategy was announced in advance, and those who followed it strictly naturally reaped significant rewards—this once again confirms that in the journey of cryptocurrency, choosing the right guidance often helps avoid many detours. Choices can sometimes outweigh blind effort.
From the hourly chart, after the price tested the key low of 103300, it stabilized and rebounded based on a bullish candlestick combination. Bollinger Bands indicator: The price touched the lower band and received strong support, and is currently steadily rising towards the middle band. A successful breakout of the middle band will be a key signal to open further rebound space. MACD indicator: Bearish momentum (green bars) continues to diminish. If a golden cross forms later and the green bars turn red, it will confirm the momentum of a bullish trend reversal. KDJ indicator: After a triple line golden cross, it is diverging upwards, clearly showing that short-term bullish strength is significantly accumulating. Multiple indicators are showing a resonance bullish signal, and a short-term rebound pattern is expected to continue. The current focus is on the effective breakout of the middle band and further confirmation of the upward trend by the MACD indicator.
Trading Suggestions:
Buy Bitcoin in the range of 104000-104300, with a target of 105500.
Buy Ethereum in the range of 2480-2500, with a target of 2550.
#Strategy增持比特币
Last night, Bitcoin's price movement declined as expected. Lao Tian emphasized to follow the trend in the short term and wait for a low point to establish positions. Unfortunately, the actual price fell below the short-term support level, reaching a low near 103300. We suggested a short position around 105300, which should have successfully captured nearly a thousand points of profit. Later, the price formed a small V-shaped reversal structure and has currently rebounded to around 104300. The strategy was announced in advance, and those who followed it strictly naturally reaped significant rewards—this once again confirms that in the journey of cryptocurrency, choosing the right guidance often helps avoid many detours. Choices can sometimes outweigh blind effort.
From the hourly chart, after the price tested the key low of 103300, it stabilized and rebounded based on a bullish candlestick combination. Bollinger Bands indicator: The price touched the lower band and received strong support, and is currently steadily rising towards the middle band. A successful breakout of the middle band will be a key signal to open further rebound space. MACD indicator: Bearish momentum (green bars) continues to diminish. If a golden cross forms later and the green bars turn red, it will confirm the momentum of a bullish trend reversal. KDJ indicator: After a triple line golden cross, it is diverging upwards, clearly showing that short-term bullish strength is significantly accumulating. Multiple indicators are showing a resonance bullish signal, and a short-term rebound pattern is expected to continue. The current focus is on the effective breakout of the middle band and further confirmation of the upward trend by the MACD indicator.
Trading Suggestions:
Buy Bitcoin in the range of 104000-104300, with a target of 105500.
Buy Ethereum in the range of 2480-2500, with a target of 2550.
#Strategy增持比特币
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,828.01
-1.62%
ETH
2,529
-1.68%