$BTC In the currency circle, technical analysis and news interpretation are important, but more importantly, it is to control your own mentality and emotions. Only by not being swayed by fear and greed and strictly implementing your own trading strategy can you find your own certainty in this uncertain market.
From the Bollinger Band indicator, the three tracks remain horizontally flat, indicating that the current market is mainly oscillating and adjusting, not a trend reversal signal. If the price breaks through the middle track upward, the Bollinger Band is expected to reopen upward and further open up the rebound space.
During the callback process, the K-line presents a broken Yin and Yang alternating pattern, indicating that the short-selling force has weakened after being released in the previous decline. At present, the bulls are gradually trying to counterattack, and have recovered some lost ground, forming a "bottom oscillation accumulation" structure.
Overall, the bulls still have the potential to attack at night, and it is necessary to focus on the effectiveness of the middle track breakthrough and the coordination of volume and energy.
Evening strategy
- Bitcoin: long in the range of 118200-118500, target 122200
- Ethereum: long in the range of 3555-3585, target 3700
