Recent market fluctuations have been severe, and the trends are extremely complex. In the early hours of yesterday, prices suddenly surged sharply, strongly breaking through previous highs, setting new records. In the early hours of today, prices surged again, further refreshing the highs. However, this is by no means the end of the market, as the subsequent trends are even more thrilling, with volatility increasing. The morning market once again broke new highs, approaching around 117376. During this rally, Yang Jie’s team decisively entered the market around 113200 and exited around 116223, successfully securing a space of 3000 points. This market is specialized in dealing with those who resist. Last night’s new highs were broken again this morning, and there will still be fluctuations ahead; stay steady!
The current market shows a mixed situation of bulls and bears. Although there are three consecutive bullish candles at the four-hour level, indicators show that the bulls temporarily dominate, but the long upper shadow of the bullish candles highlights significant selling pressure above in the short term, limiting the continuity of the bulls, and the likelihood of a technical pullback in the future is high. At the one-hour level, after a strong bullish surge, there have been two consecutive bearish pullbacks, and prices have retreated below the upper band of the Bollinger Bands. Although the overall trend is still in an upward channel, the KDJ indicator has formed a death cross, indicating a short-term pullback demand, and caution is needed regarding the impact of the pullback strength on the overall trend. Overall, the short-term market leans towards a volatile consolidation, and attention should be paid to the changes in momentum after the pullback.
On Friday morning, it is recommended to go long in the range of 115000-114500 for Bitcoin, with a target focus on 117500.
On Friday morning, it is recommended to go long in the range of 2910-2880 for Ethereum, with a target focus on 3100#BTC再创新高 $BTC .