🌹Friday Market Analysis and Trading Ideas:
A Er first reviews yesterday's market. During the day, after the补涨 of #大饼 and #以太 , it fell into a state of fluctuation. After the U.S. stock market opened, $BTC attempted to break through the key resistance level of 108000 but quickly retreated.
However, from the hourly technical perspective, although a four consecutive downtrend has appeared, the lower Bollinger Band support continues to rise, indicating that the overall upward trend remains solid.
The current price is running between the middle and upper Bollinger Bands, and the upward momentum is gradually accumulating, making it a good opportunity to position long at lower levels.
A Er's trading strategy:
$BTC : It is recommended to gradually go long in the range of 106500-105800, with short-term targets of 108000 and 108900. If strong resistance cannot be broken, consider reversing to short;
$ETH : Enter long in the range of 2400-2380, targeting 2500-2560, to capture the upward wave space.
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