Looking back at the early morning Bitcoin market, after a slow pullback to around 117,000 from a range-bound fluctuation, Zhuowei also timely arranged for students to enter long positions, taking profit at the 118,000 level, successfully capturing a space of 1,093 points. This rebound was quite perfectly timed, and friends who pay attention to Zhuowei's live trading strategies should have a deep understanding of this.
On the hourly level, although the price is at the lower band of the Bollinger Bands, there are many consecutive shadow lines appearing below. This signal directly reflects that the bearish pullback is being hindered, indicating that the support level below is strong, making it difficult for bears to achieve a significant downward move, while bulls are gradually recovering lost ground, with the possibility of stabilizing and rising in the short term.
Saturday's trading suggestion: Long position near 117,500 for Bitcoin, target 119,500.
Saturday's trading suggestion: Long position near 3,520 for Ethereum, target 2,700.
