Thursday Morning Jingyi's Silk Analysis

In the early hours of Thursday, after a tug-of-war between bulls and bears, the bulls gained the upper hand, breaking through the 120000 mark, and currently retracing to around 119000. The secondary trend is moving upward, reaching a high of 3423 in the early morning. The bullish outlook from last night has come to fruition.

Currently, the bulls are strong, and the price of the cryptocurrency continues to refresh recent highs with a clear upward trend. From a technical perspective, the MACD has a golden cross and the histogram is expanding, indicating increased bullish momentum. However, after a big rise, there will be a slight pullback, which is a normal adjustment aimed at digesting profit-taking and accumulating upward momentum. During the pullback, trading volume diminishes, and selling pressure is light, solidifying the bullish trend. In the morning, we still focus on buying during the pullback:

Trading Suggestions

BTC Long in the range of 118000-118500, target 120000

ETH Long in the range of 3350-3300, target 3400#山寨季何时到来？ $BTC $ETH