Some say the cryptocurrency market is a casino, but for those with sufficient understanding, this is actually the largest fair arena in the world. The blockchain does not care about personal relationships, only recognizes code logic. Your cognitive boundaries determine your wealth boundaries. Good morning everyone, another week has passed in the blink of an eye. We are welcoming a new beginning. Over the weekend, the price has been in a fluctuating upward state again, which is also a correction of the more than 3000 points drop from last week. As expected.
In the four-hour timeframe, the price is near the middle band of the Bollinger Bands, continuously approaching the upper band. The bullish momentum is still strong. However, on the hourly level, the price has spiked to the upper band of the Bollinger Bands. A longer upper shadow has been left, indicating a possible short-term pullback, but the overall trend remains bullish.
In the morning operations, we will still layout low long positions in the Silk Road.
Bitcoin can be bought in the range of 111000-110700, targeting 112500.
Ethereum can be bought in the range of 4300-4280, targeting 4450#BTC #ETH .