Saturday Morning Bitcoin and Ethereum Analysis
Since the strong downward movement of the K-line like a waterfall early this morning, the market situation has started to enter a stage of volatility. It has now stabilized above 103000. Although the weekend market is not very active, trading should be focused above 103000. There is certain rebound potential. The strategy provided by Lao Wang is to place trades near the range of 102500-102800.
From the 4-hour market chart, the K-line has dropped two large bearish candles and has reached the bottom of the wide-range volatility area, which is also confirmed on the 8-hour market chart. The MACD indicator has shown a golden cross below the 0 axis, and the Bollinger Bands have changed from a smooth trend to an opening state. The changes are synchronized with the previous trends.
Trading Suggestions:
Buy Bitcoin near 102800, target 104000
