Evening thoughts first look for a pullback, then ambush low longs later in the night!
Good evening, the whole daytime trading has been in a sideways repair feeling, Bitcoin is slowly rising but without volume, the price remains under pressure and cannot go up. Ethereum is slightly stronger; at 21:30 tonight, the CPI will be announced, and it is highly likely we need to wait for this to break the deadlock!
Bitcoin's current price is around 98300, the 4-hour Bollinger Bands are still pressing downwards, with the lower band support being tested and rebounding. In the evening, rely on the middle band for resistance to participate in high shorts, and pay attention to the resistance areas above 98500 and 99500; short positions should be around here, with targets looking down at 97000 and 96000 to 95000.
For support below, pay attention to the two positions at 94700 and 94200; it is still possible to try to ambush low longs. If it effectively breaks below 94000, stop loss for long positions, with targets looking up at 95500-96500-97500.
Ethereum's current price is around 3725, in the evening pay attention to the upper resistance areas of 3770 and 3840, short positions should be arranged around here at high levels, with targets looking down at 3650, 3550, and 3500.
For ambushing low longs below, reference can be made to the two positions at 3560 and 3510, with a stop loss if it breaks below 3470, targeting upwards at 3650, 3750, and 3800.
All analysis is merely a reference judgment based on historical trends; participate in short positions at resistance levels and try long positions at support levels. Be sure to strictly set stop losses; risk control is key! Recently, the market makers are clearing leverage, so definitely keep positions light and leverage low! In a bull market, accumulate more positions; don't let the price take off while you have no positions or bullets left!
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