1. Yesterday’s Review:
Yesterday, the market bottomed out at 60,000 in the early morning and then stopped falling. Then the price fluctuated upward, reaching 61,100 at its highest. The market then entered a narrow range of fluctuations and consolidation, and the overall market trend was stable. Investors who intervened in time near 60,000 should have gained certain benefits. At present, the market price is running around 60,900.
2. Current market analysis:
Judging from the current market, the market is in a sideways adjustment stage, with neither rising nor falling. This rhythm can be regarded as consolidation. On the 4-hour chart, the K-line runs alternately, showing that the forces of both long and short sides are relatively balanced, and the running volume is weak. The short-term market is slightly exhausted, but the technical indicators MACD and DKJ are running in both directions, suggesting that the market needs to be further extended. The short-term bullish signal is obvious, providing investors with operation opportunities.
3. Strategic recommendations:
Based on the current market situation, we give the following strategic recommendations:
Bitcoin (BTC): It is recommended to intervene in the 60500-60700 area, with a target price of 61500. You can set a reasonable price based on your own risk tolerance.
Ether (ETH): It is recommended to intervene in the 3365-3345 area, with a target price of 3450. Similarly, it is necessary to set the quality loss level reasonably according to your own situation.
