The market changes like the seasons; where there is a cold winter, there will be a warm spring. In the bear market of the crypto world, don't lose heart. Patience in accumulation, silently gathering strength, when spring arrives, you will bloom more brilliantly. It is late at night again, and today's market can be described as thrilling! I wonder if everyone has successfully captured gains amidst these fluctuations? Bitcoin reached a morning high of around 115700, and the bulls showed signs of fatigue, allowing the bears to take control. The price of the coin fell 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, with the price of the coin experiencing a waterfall-like drop, reaching a low of 112600. It is currently stabilizing around 113300. Ethereum's trend synchronized with Bitcoin, hitting a daily high of 3735 before coming under pressure and dropping to a low of 3555. It is currently reported at around 3590, seeking stabilization. Regardless of today’s battle situation, the market is always in motion, and opportunities are always present. Adjust your mindset, and we will fight again tomorrow! Today, Teacher Daobao's layout for Bitcoin was two shorts and one long, achieving a total of 2900 points, while for Ethereum, two longs and one short captured 189 points.
Back to the current market, looking at the 4-hour level, the price is close to the lower middle band, with a short-term trend leaning towards a fluctuating adjustment, and has not yet broken through the key track of the Bollinger Bands to form a clear direction. The middle band of the Bollinger Bands can be approximated as the dividing line for short-term bullish and bearish. The MACD histogram is in a green shrinking pattern; although it is still in the bearish zone, the shrinking signal indicates that the strength of the bears has diminished. Looking at the 1-hour level, the price has fallen below the middle band, tested the lower band support downwards, and rebounded slightly, currently fluctuating between the middle band and the lower band, with the middle band forming resistance and the lower band providing support. Our thinking in the early morning can revolve around low longs.
Long positions near Bitcoin 112800-113000, targeting 114000.
Long positions near Ethereum 3550-3580, targeting 3700.