Wednesday Afternoon Bitcoin and Ethereum Short-Term Strategy Update
This afternoon's market is as expected, with Bitcoin and Ethereum continuing their range-bound oscillation pattern. After several fluctuations, a support structure is gradually forming, and the price of the coins shows a slow upward trend. Old Tian's strategy maintains a long-term layout, and long positions continue to be held. In terms of short-term operations, the idea of buying low and selling high is still applicable, capturing the rhythm for profit, and the cumulative effect is considerable. Although the pace of the market's progression is not fast, proper rhythm control makes profits relatively easy.
The four-hour chart for Bitcoin maintains a one-sided upward trend, with small gains in the K-line. The body is relatively short, indicating calm market sentiment. The MACD energy bar has turned from negative to positive and is currently in a steady growth phase. On the one-hour chart, the coin price is arranged at the upper range, and the overall trend line is sloping upwards. After the Bollinger Bands have narrowed, there are currently no obvious signs of expansion. The market is expected to continue the current slow upward trend.
In the short term:
Bitcoin current price directly light long once, looking at 107000.
If it breaks below the 106000 line, then further adjustments will be made.
Ethereum around 2430, looking at 2500.
