In this market, how many people have taken off? The cryptocurrency world is so unpredictable; where there is joy, there will also be sorrow. Yesterday's market also gave us plenty of surprises, with the volatility reaching its peak. Ethereum has been continuously extending upwards, and this morning it strongly broke through the 4300 mark. Entering long positions around 4000 points for Ethereum, after rebounding and breaking through 4150 in the afternoon, I took partial profits at 4170, locking in a 158-point gain. After stabilizing at 4200, I closed all positions, ultimately gaining 216 points. As for Bitcoin, I seized the opportunity to place a position at the midday pullback low, taking profits at the evening peak, resulting in a gain of 1466 points. During the midnight session, I timely reminded everyone about Ethereum's surge breaking through 4300; I believe those who followed along can relate deeply.
Ethereum's daily chart shows a series of consecutive bullish candles, with the K-line strongly breaking through the upper Bollinger Band, and the market is dominated by bulls pushing upwards with extreme strength. On the four-hour chart, the price has consistently remained above the upper Bollinger Band, with the K-line continuously driving the market to expand upwards. The three Bollinger Bands are widening, and all three bands are showing an upward trend, creating a strong one-sided bullish market. From the MACD indicator perspective, the price is operating above the zero line and continues to extend upwards, with bullish bars occupying absolute dominance. The fast and slow lines are steadily breaking upwards, and the bullish trend is stable and strong, making the one-sided bullish trend unstoppable. For the upcoming layout, we will use the 4300 mark as a pivot point; any pullback will be an opportunity to enter.
Sunday trading suggestion: Bitcoin 116300-116000 range for long positions, target 118000.
Sunday trading suggestion: Ethereum 4390-4360 range for long positions, target 4500.
