#BTC #ETH In the early morning period, the market strongly started from 118377, driving the price ratio to quickly break through the integer level of 120000. The highest level reached 120300, and then the market entered a technical adjustment phase. Currently, the price ratio has basically stabilized around the 120000 level, forming a high-level oscillation pattern. In the early morning, Lao Hu suggested a low strategy, entering the market with orange options near 118400 and exiting when breaking through the 12000 level, with a space of over 1700 points. Friends who did not catch this wave should not be anxious; the white market continues to follow Lao Hu's strategy. In the next wave of market conditions, we will continue to wait for the wind to come with the rhythm!
On the 4-hour K-line chart, several waves of continuous bullish candles have pushed the price ratio to break through the upper band, and the Bollinger Bands are expanding upwards, with upward space completely opened. Multiple large bullish candles have engulfed previous bearish candles, forming a 'bullish engulfing' pattern, reflecting that bullish forces have completely suppressed bearish forces, with a clear trend reversal signal. The K-line entity that breaks through the upper band is wide, accompanied by increased trading volume, indicating strong upward momentum. The DIF crosses above the DEA to form a golden cross, and at the time of crossing, the slope of DIF is steep, with the MACD histogram turning from negative to positive and quickly elongating, indicating that bearish momentum has completely dissipated while bullish momentum has explosively increased, with a significant trend reversal signal. The intraday strategy suggests continuing to buy on dips; if the pullback is limited, one can enter the market in the direction of the trend.
Suggested Operations:
Buy Bitcoin near 119000—119500, targeting 121500.
For Yitai, buy near 3720, with the target focusing on 3820.