Thursday, Bitcoin and Ethereum Strategy Update

This week's news is relatively concentrated, and it also has a bit of a 'fire and chaos' meaning, making it hard to distinguish between truth and falsehood. It's advisable to treat the 'Trump-style' trading calls with caution, or else you may find yourself lost and confused amidst short-term fluctuations.

Returning to the technical aspects, the current daily candlestick pattern looks quite good, which can be seen as having completed two bottom tests. The market is above EMA200 and MA7, and if it can maintain the current pattern to close, then we can continue to buy on dips, repeating the same action direction, while keeping an eye on the breakout situation near the middle track.

The movement of Ethereum is slightly weaker than Bitcoin. The daily level has not broken through MA7, and at the 4-hour level, the market is blocked by the middle track and MA30. For now, we need to pay attention to the breakout situation at this line.

Thursday Morning Suggestions

Bitcoin 90200-89800, target 93000-5000

Ethereum 2210-2230, target 2400-2500

A precise plan is rare, hence it's hard to find a good teacher; this is a practical strategy! Instead of waiting for the wind to come, it’s better to chase the wind! If it doesn't look good or accurate, trust in Old Peng!