Midday Bitcoin and Ethereum Trading Suggestions and Direction Sharing
In the fluctuating days of the cryptocurrency world, we have all been dreamers. Some celebrate in the midst of soaring prices, while others feel lost during declines. But please remember that every heartbeat's fluctuation is the market testing your faith. Looking back at the market at dawn, the overall stretch of Bitcoin was relatively slow, which aligns with our short-term bullish outlook. This morning, Bitcoin gradually rose from the support level of 114600 to the peak of 115640 before pausing and has since retreated to around 114990, moving in a back-and-forth manner. The thought process has been shared in advance and is traceable. Welcome everyone to discuss trends with Old Zhao,
From the current market perspective, the higher time frame shows that the market is operating within the middle to lower band of the Bollinger Bands. The Bollinger Bands are overall converging, and short-term price volatility may be constrained by the Bollinger Bands. The pink trend line is extending downward, and the current price is close to the trend line support level. If the price breaks below this support, testing the lower band of the Bollinger Bands, and if it can hold the support, a rebound will be indicated. Ethereum's movement is also in sync with Bitcoin, so for the midday outlook, Old Zhao suggests that as long as the support level is not broken, we should still focus on being bullish,
Buy Bitcoin near 114900 to 114600, targeting 116000.
Buy Ethereum near 4780 to 4750, targeting 4860.
