11.24 Monday Morning BTC/ETH Silk Sharing

I am Meng An. From the 4-hour chart, the price has been rising steadily since it started from the lower band of the Bollinger Bands, breaking through the middle band resistance and approaching the upper band, showing a steady increase in bullish strength. The three bands of the Bollinger Bands have clearly narrowed, and the overall direction has shifted from a decline to a flat trajectory, suggesting that the market structure may be changing, and a new round of upward trend may be brewing. In terms of the MACD indicator, the green energy bars representing the bulls continue to expand, indicating that buying is entering in an orderly manner. Although the double lines are still below the zero axis and have not yet entered a strong area, it is expected to strengthen further over time. Meanwhile, the KDJ indicator's three lines are synchronously moving upwards, showing a typical bullish arrangement. Combined with a good volume-price relationship, it confirms the health and sustainability of the current upward trend, and the rising channel is gradually being constructed.

Overall, multiple technical indicators are temporarily releasing positive signals, so in the short-term operations, it is recommended to primarily focus on buying on dips in the morning. However, in the long-term, it still looks unchanged. It is particularly important to pay attention to the evolution of the direction of the Bollinger Bands, as well as the position of the fast and slow lines of the MACD. These two aspects will help determine whether the current rise is the starting point of a trend reversal or a technical rebound after being oversold, which is significant for assessing the continuity and upward space of the market.

Operation Silk Sharing:

Big Pie 86000-86500 range to do more, target near 88800

Aunt 2820-2840 range to do more, target near 2920

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