$BTC Review of yesterday's market trends: Bitcoin fell to a low of 116843 before rebounding, peaking at 118545, with a broad range of fluctuations throughout the day, the price oscillating between 117000 and 118500. Frequent reversals between bulls and bears have posed challenges for short-term trading, but Yang Jie’s team has precisely grasped the rhythm:
- Laid out Bitcoin short positions in the early morning, entering at 117943 and exiting at 117000, capturing a space of 950 points;
- Synchronized early morning layouts for Bitcoin long positions (entered at 117641, exited at 118300, gaining over 650 points) and Ethereum long positions (entered at 3511, exited at 3590, gaining 59 points).
It can be seen that the weekend is not without market activity; the key is to hit the rhythm accurately. The market is never short of opportunities; choosing the right direction can also yield profits over the weekend.
From an hourly analysis:
- Although prices have recently retreated, the bulls have reclaimed the lost middle track, with the potential to push towards the upper track;
- Currently, the DIF line is below the DEA line, and the MACD value is negative, indicating that short-term bears still dominate; however, the MACD green bars continue to shorten, suggesting that the bearish power is weakening while bullish power is accumulating.
It is expected that the price may first oscillate and consolidate within the current range to digest the bearish pressure, and then, with the strengthening of bullish power, there is hope for an upward breakout. For evening operations, Yang Jie suggests focusing on short-term trading with a low-long approach.
Sunday early morning operation suggestions:
- Bitcoin: Long near 117500, targeting 119000 first
- Ethereum: Long near 3530, targeting 3650 first
