Success is in human effort, but the premise is that you have to take action. No success comes from nowhere. Recently, market opportunities have been constantly presented to us; as long as we stick to a good direction, the spring water will continue to flow. In the early morning, we entered the market with Ethereum at the 3485-point level, and we also gained a small profit, successfully capturing a space of 73 points. In the same market, only those who seize the opportunity can enjoy the first wave of profits. Remember, those who eat the first wave of profits are always the best.
From the 4-hour level, the market's lows continue to rise in a stepped manner. After consolidating at the middle track of the Bollinger Bands during the noon, it continuously broke through the middle and upper tracks, indicating a reduction in bearish selling pressure and an enhancement in bullish support, with a short-term trend turning strong. On the MACD indicator, the dead cross below the zero line did not trigger a downturn; instead, it formed a bottom divergence, with prices not making new lows. The MACD line and histogram are rising in sync, indicating a depletion of bearish momentum and a buildup of bullish momentum. Overall, the market is entering a bullish recovery cycle, and there is hope for a continued breakthrough in the short term, reclaiming the adjustment space from before. Attention needs to be paid to the resistance at the upper track of the Bollinger Bands and the accompanying trading volume. Subsequently, we will continue with the noon strategy, using the middle track of the Bollinger Bands as a medium for our layout.
Monday's operation suggestion: Bitcoin around 114000, target 116000
Monday's operation suggestion: Ethereum around 3520, target 3650
