Yesterday, the Bitcoin market experienced severe fluctuations, with a "pin-style" pullback leaving the market in disarray, showcasing the high-risk characteristics of the cryptocurrency space. However, risks coexist with opportunities, and the Lao Zhuo strategy stood out amidst the volatility. In the morning, the fans were advised to go long, earning nearly 1600 points; in the evening, a timely reversal to short resulted in an additional 300 points profit.
Technically, on the four-hour chart, Bitcoin tested the lower Bollinger Band; if effective support is formed, a bullish trend can be expected. The hourly chart shows prices oscillating upwards, with the Bollinger Band opening wide, indicating increased volatility.
This morning, it is recommended to buy high and sell low: go long on Bitcoin in the 103000 - 102700 range, targeting 104500; go long on Ethereum in the 2380 - 2360 range, targeting 2500, and make sure to set stop-loss orders, closely follow market changes.
