From a technical perspective, on the 4-hour level, the price is currently near the middle band of the Bollinger Bands. Subsequent information from technical indicators shows that the MACD has formed a dead cross above the water, and the bulls are starting to increase in volume, while other indicators are also showing signals leaning towards bullish; on the short-term hourly level, the golden cross of the MACD that appeared this morning is still continuing, while the KDJ and RSI values are showing signs of a tug-of-war between bulls and bears. For future positioning, Lao Wang suggests focusing on buying low and selling high. The major cryptocurrency needs to observe the support levels below at 108000 and 107500; the altcoin needs to pay attention to the support levels below at 2600 and 2560.
Operational suggestions:
Major cryptocurrency 107500-108000 buy, target 109000
