Looking back at yesterday's Bitcoin market, it can be said that the market was in chaos. An unreasonable spike and pullback caused many retail investors to fall to the bottom. This is the charm of the cryptocurrency world; it can soar to great heights or plummet to the depths in an instant. The key is whether everyone has the courage to start over. Yesterday, the strategy of Lao Zhu also yielded results. In the morning, a fan reached out to me, and they successfully followed the Bitcoin market from the morning layout to the evening, gaining nearly 1,600 points. During the evening's spike and pullback, they reacted in time, reversed to short, successfully recouped losses, and then seized another 300 points before the market normalised into a range-bound trading pattern.
From a technical analysis perspective, the four-hour K-line chart of Bitcoin shows significant characteristics of testing the lower boundary. The current price is continuously testing the support level of the lower Bollinger Band. If this level forms an effective bottom, it will raise the short-term lower support line, providing technical support for confirming the bullish trend and indicating that the price may open an upward channel. From the hourly level, the price is oscillating within the lower Bollinger Band region, with the center of gravity continuously rising, while the Bollinger Bands are expanding. This indicates that market volatility is intensifying. In the morning layout, we employed a strategy of high selling and low buying, waiting for the market to explode with short-term operations, and strictly setting take profit and stop-loss points. (The same applies to Ethereum)
Morning operation suggestions
Bitcoin 103000-102700 range for short positions Short-term target 104500
Ethereum 2380-2360 range for short positions Short-term target 2500
