The Bitcoin touched a high of 76900 in the early morning before quickly falling back. During the day, Bitcoin has been fluctuating around the 76000 level, with relatively little volatility during the day, but some action is expected in the evening. Ethereum also saw a high of 2956 in the early morning, and it is currently in a consolidation phase throughout the day. The long position we set up during noon is still ongoing!
On the hourly level, Bitcoin is positioned around the middle track, with support moving up to around 74500, and the four-hour middle track is around 73500. In the technical indicators, the Bollinger Bands are in a bullish arrangement and diverging upwards, while the MACD shows a continuous increase in energy. The bullish energy on the four-hour chart is decreasing. Overall, after a strong surge, Bitcoin has not formed a one-sided trend but has instead shown a pattern of rising and falling. With bullish sentiment prevailing, market panic is also rising. We will continue to participate steadily during the day, entering long positions at lower levels, as dips present good opportunities to go long!
Trading Suggestions
Long Bitcoin at 75500-75700 Target 77000
Long Ethereum near 2900 Target 2970
