Looking back at the afternoon market, Bitcoin has pulled back to its current level after a range-bound fluctuation. The strategy by Lao Zhu has also perfectly kept up, emphasizing all morning that the bearish trend was just in a brief pause. After a period of consolidation and buildup, it will inevitably make a strong move. Those who followed along should have already seen some gains. Here, we also successfully helped students capture nearly 900 points of space.
On the hourly level, the price has retraced to the lower Bollinger Band, and the three lines of the Bollinger Band are gradually becoming parallel. This is a typical range-bound fluctuation pattern, indicating that the price will oscillate repeatedly within a certain range in the short term, with both long and short positions temporarily in balance. The four-hour chart is releasing more important signals — the Bollinger Band is gradually opening up, indicating that market volatility is about to significantly increase, and the current fluctuation pattern is difficult to sustain, which will break the existing stalemate. Keep a close eye on changes in key support and resistance levels, and combine this with fundamental information such as the Federal Reserve's interest rate decision to make timely adjustments to trading strategies and seize trend opportunities! For the evening layout, it is recommended to adopt a high sell low buy strategy, setting take profit and stop loss points to ensure quick entry and exit. (The same applies to Ethereum)
Evening layout suggestions
Short Bitcoin around 105300, target 103000
Short Ethereum around 2530, target 2400
