$BTC In the crypto world, one day is like a year in the human world. It's not that the profits are exaggerated, but rather that within this day, your mood oscillates from heaven to hell repeatedly, providing a 'workout' for your mentality that is hard to find elsewhere in a year.
Looking back at the afternoon market, Bitcoin is overall in a range-bound fluctuation, with no significant volatility. The price peaked at 114400 before retreating, dipping to a low of 113700, and then fluctuating upwards, currently stabilizing around 114200. Ethereum's trend is in sync with Bitcoin, peaking at 3662 before fluctuating downward, reaching a low of 3609, and is currently stabilizing around 3620. During the day, Teacher Da Bao provided live guidance to students, arranging two long positions for Bitcoin and two for Ethereum, totaling a profit of 1700 points for Bitcoin and 110 points for Ethereum.
From the current market perspective, the four-hour Bollinger Bands are showing a flat horizontal state, with prices oscillating around the middle band, indicating a relatively balanced power between bulls and bears in the short term, with clear signs of fluctuation. If the Bollinger Bands' boundaries are broken, we can pay attention to changes in trends. After the MACD golden cross, the momentum has weakened, and there is insufficient upward pressure in the short term. If the histogram continues to shrink or turns negative, it may extend the fluctuations or even lead to a decline. The one-hour level shows that after breaking through the middle band, the price is approaching the upper band, indicating a recovery of bullish strength in the short term. The MACD has formed a golden cross and momentum is strengthening, reflecting a bullish advantage in the short term, and the rebound trend is expected to continue. In the evening, we can focus on developing long positions.
Bitcoin long around 113800-114000, target 115500
Ethereum long around 3580-3610, target looking at 3650