The market conditions of $BTC change like the seasons; with every cold winter, there will be a warm spring. In the bear market of the crypto world, don’t lose heart. Be patient, accumulate quietly, and store your strength. When spring arrives, you will bloom even more brilliantly. As the night falls, today’s market is truly thrilling! I wonder if everyone has successfully profited during this rollercoaster ride? Bitcoin reached a peak of around 115700 in the morning, but the bulls showed signs of fatigue, and the bears took the lead. The price of the coin declined all the way down to around 113700 in the afternoon, then rebounded to fluctuate within the 115000 range. However, the situation changed dramatically in the evening, as the price experienced a waterfall decline, hitting a low of 112600. It is currently stabilizing around 113300. Ethereum's movement synchronized with Bitcoin, reaching a daily high of 3735 before facing pressure and falling to a low of 3555. It is currently reported around 3590, seeking stability. Regardless of today’s battle outcome, the market is ever-moving, and opportunities are always present. Adjust your mindset and prepare for tomorrow’s battle! Today, Teacher Daobao arranged two short positions and one long position for Bitcoin, securing a total of 2900 points, while for Ethereum, two long positions and one short position secured 189 points.
Returning to the current market situation, from a 4-hour perspective, the price is close to the lower middle band, with a short-term trend leaning towards fluctuating adjustments. It has not yet broken through the critical track of the Bollinger Bands to form a clear direction, with the middle band acting as a short-term dividing line between bulls and bears. The MACD histogram shows a green shrinking shape; although it is still in the bearish zone, the shrinking signal indicates that the bearish strength is diminishing. From a 1-hour perspective, the price has dropped below the middle band, tested the lower band support and then rebounded slightly, currently fluctuating between the middle and lower bands, with the middle band providing resistance and the lower band providing support. In the early morning, we can focus on low long positions.
Long positions near Bitcoin 112800-113000, targeting 114000
Long positions near Ethereum 3550-3580, targeting 3700
