$BTC Cryptocurrency Contract Market is often filled with madness and panic. When the market is prosperous and investors rush to chase prices, rational voices are often drowned out; and when the market crashes, panic spreads, and people easily lose their rationality. Truly mature traders can maintain rationality in such extreme emotional atmospheres, not being swayed by market emotions. They make decisions based on objective analysis and their own trading strategies, staying alert during market madness and taking profits in time; during market panic, they calmly analyze and look for undervalued opportunities instead of going with the flow.
From the current market perspective, on the four-hour level MACD, DIF and DEA are crossing golden below the zero axis, green momentum bars are beginning to appear, rebound momentum is increasing but has not exited the bearish area. RSI has risen from the oversold area of 30 to 48, neutral to bullish but has not entered the strong zone. The Bollinger Bands price has touched the middle track of 108400, and if it stabilizes, it will open up upward space to the upper track of 109000. In terms of operation, Qianyu suggests a low long strategy, if the rebound fails, one can change strategies. If it does not break the previous resistance, it will operate in a range repair manner, and if it breaks, it will follow the trend to chase. Strict stop-loss!
Saturday afternoon thoughts:
Buy Bitcoin around 107300, target 109000.
Buy Ethereum around 2480, target 2580.