8.28 Summary of Yesterday and Thoughts for Early Today
Yesterday's trading was mainly short-term, but unfortunately, the first position was not favorable and got stopped out. However, we managed to recover profits later on. Steady short-term trading followed, and the market sentiment is still quite good. We won't be greedy with short-term trades; accumulating slowly is also fine as long as we can maintain a stable position.
In the 4-hour chart of Bitcoin, the lower Bollinger Band is sharply rising from a low position, and the middle band is about to end its downward trend, quietly leveling off and showing signs of upward movement, weaving a support network of "lower band support + middle band strengthening." The candlestick has initiated a series of upward movements from a low position, breaking through the middle band and seeing a narrowing retracement. Currently, it is steadily standing back above the middle band, with volume showing a coordination of "increased volume on rebounds, decreased volume on retracements." The upward movement of the lower band, the change of the middle band, combined with the stepped rebound of the candlestick, suggests to follow along with the teacher’s trades, as the worst outcome would just be a stop out, while profits mean a substantial gain.
Suggestions:
Bitcoin is around 111200, with a target near 113000,
Ethereum is around 4560, with a target near 4700
