Do not let the fluctuations of short-term K-lines disturb your emotions. Opportunities in the cryptocurrency world are like countless stars; as long as you have patience and wisdom, you will eventually pick the one that belongs to you.
From the current market situation, the price has continued to decline after breaking below the middle line of the Bollinger Bands on the 4-hour chart. It is currently located between the middle and lower lines. After the Bollinger Bands have narrowed, the market is weakening again, and the market fluctuations are suppressed, with insufficient upward momentum in the short term. The MACD indicator shows that both DIF and DEA are negative. DIF has crossed below DEA, forming a death cross and continuing to decline, with the negative histogram continuously expanding, indicating that bearish momentum is still being released, and the likelihood of a price breakout in the short term is relatively small. In the 1-hour period, the price has rebounded above the middle line of the Bollinger Bands. The MACD indicator shows a golden cross between DIF and DEA, and the histogram has turned from negative to positive, indicating that short-term bullish strength is beginning to accumulate, with some rebound momentum.
In summary, the strategy for the afternoon can focus on long positions.
Buy Bitcoin around 115500, targeting 116800.
Buy Ethereum around 4260, targeting 4350.
