Saturday: The lucky Air Force went to bed early last night, and the understanding advice led to many troops taking off like birds.
Old Bao's words are indeed worth their weight in gold; a stamp of a foot causes the crypto circle to shake. To be honest, as soon as I opened my eyes, the big cake went up, and Ethereum directly broke new highs. I just want to ask if what I said counts. During these news-driven days of Hengfei, short-term should rest when needed; for those who were deep in losses before, it's an opportunity to change their fate.
Returning to the market aspect, in terms of trends, the market has been declining from Monday this week. Under the stimulus of last night's news, it formed a recovery in the weekly K-line, and the decline is clearly in a situation of forced reversal. The bulls have returned and are showing themselves again. Although there is a demand for decline, there is no ability to continue.
From a technical perspective, at the four-hour level, the price fluctuated downwards, and after consolidation, a strong upward movement appeared, directly breaking through the upward channel. Currently, the bullish volume is being strongly released, and the moving averages are rising, continuing to go higher. The short cycle has surged without a pullback, and it has already turned bullish, still waiting for further upward movement.
At the one-hour level, the price rose and corrected after a pullback, without showing a sudden drop. Currently, it is in a high position undergoing oscillation and consolidation. The bullish volume has shrunk, with no room for downward release. The moving averages are intertwined, indicating a certain need for consolidation, and the short-term is in line with the trend.
Today, we will go with the trend, making long positions on pullbacks to lower levels:
In terms of operation, I personally suggest going long in the 116000-116500 area, targeting 117500-118500$BTC #比特币巨鲸换仓以太坊 #加密概念美股普涨 #美国初请失业金人数 .