Tuesday Afternoon Bitcoin and Ethereum Market Analysis and Short-Term Recommendations
Looking back at the high short position strategy provided at noon, the afternoon trading performed as expected with an initial upward trend touching around the 105700 line, then faced pressure and quickly declined after a brief consolidation, reaching around the 104500 line. Our short position strategy was perfectly executed, and Lao Tian's position in the market also successfully captured a 514-point gain. The mindset determines the results, and the results determine the quality; establish the trend first, then follow it. When the trend breaks, timely 'change the trend'; having both advances and retreats allows for ease of maneuvering. I won't say much about the opportunity in copper; once you act, you'll know.
Currently, the four-hour chart shows that after three consecutive bullish candles, the market has encountered resistance, with prices oscillating around the upper Bollinger Band. Although the bullish momentum is strong, the upper Bollinger Band has created significant resistance, and further upward movement is expected to be limited in the short term. Looking at the hourly chart, the market is gradually climbing after a stepwise decline. In terms of technical indicators, although the three lines of KDJ are gradually converging after forming a death cross, a golden cross has not yet formed; the MACD histogram is above the zero axis but shows a continuous shrinking trend. We will continue to maintain a high short position strategy in the afternoon.
Short-term operation suggestions:
Bitcoin in the 105000-105500 range, look for 104500.
If it breaks upward past 105500, increase the short position.
Ethereum in the 2420-2440 range, look for 2350.
#加密市场反弹
Looking back at the high short position strategy provided at noon, the afternoon trading performed as expected with an initial upward trend touching around the 105700 line, then faced pressure and quickly declined after a brief consolidation, reaching around the 104500 line. Our short position strategy was perfectly executed, and Lao Tian's position in the market also successfully captured a 514-point gain. The mindset determines the results, and the results determine the quality; establish the trend first, then follow it. When the trend breaks, timely 'change the trend'; having both advances and retreats allows for ease of maneuvering. I won't say much about the opportunity in copper; once you act, you'll know.
Currently, the four-hour chart shows that after three consecutive bullish candles, the market has encountered resistance, with prices oscillating around the upper Bollinger Band. Although the bullish momentum is strong, the upper Bollinger Band has created significant resistance, and further upward movement is expected to be limited in the short term. Looking at the hourly chart, the market is gradually climbing after a stepwise decline. In terms of technical indicators, although the three lines of KDJ are gradually converging after forming a death cross, a golden cross has not yet formed; the MACD histogram is above the zero axis but shows a continuous shrinking trend. We will continue to maintain a high short position strategy in the afternoon.
Short-term operation suggestions:
Bitcoin in the 105000-105500 range, look for 104500.
If it breaks upward past 105500, increase the short position.
Ethereum in the 2420-2440 range, look for 2350.
#加密市场反弹
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BTC
106,690.52
+1.45%
ETH
2,447.27
+1.96%