Trading Philosophy: Look for trends in the long term, find entry points in the short term;
Technical Analysis: For Bitcoin, the daily level has recovered the bearish K near 82500, the Bollinger Bands continue to close downwards, the MACD moving average has started to move upwards, bullish momentum is beginning to increase, and the KDJ line is starting to move upwards. At the 4-hour level, the Bollinger Bands continue to close, the MACD moving average is starting to flatten and move downwards, bearish momentum is beginning to decrease, and the KDJ line is moving upwards;
For Ethereum, the daily level has recovered the bearish K near 1860, the Bollinger Bands continue to close downwards, the MACD moving average has started to move upwards, bullish momentum is beginning to show, and the KDJ line is starting to flatten and move upwards. At the 4-hour level, the Bollinger Bands continue to run flat, the MACD moving average continues to move upwards gently, bullish momentum continues to increase slightly, and the KDJ line is starting to move upwards;
Previously, the overall market analysis indicated that it has re-entered a phase of consolidation. The high throw low absorption strategy has achieved profits on all positions. A weekend article suggested that the approach can continue to be used, and for the short term, it is recommended to only engage in high short positions. Those entering short positions can patiently hold and wait for a decline!
Operational Suggestions: High throw low absorption!
Short Bitcoin at 83800-84300, target 82000-80000, if broken look for 78000;
Short Ethereum at 1930-1960, target 1880-1850, if broken look for 1800;