In the evening, Hangqin once again exerted upward momentum, with Bitcoin breaking through the 950 mark. After a pullback in the morning, the hourly chart has shown continuous bullish bars, indicating a significant increase in short-term momentum. The range fluctuations from last weekend have been effectively alleviated on the white board.
If there are no signs of a rebound in the market, Hangqin is expected to continue the assault on the 975 area, while Youmi's overall retreat today continues to validate the Silk Road. Dan can exit or reduce positions to continue looking upward based on their own holdings.
Currently, the MACD on the hourly level continues to touch upward, indicating that the upward channel is steadily progressing in the short term. The phenomenon of declining on the four-hour chart is gradually diminishing, suggesting that the contest of Hangbo is about to reveal its outcome. At this time, it is necessary to be cautious of the rebound risk in Hangqin and observe changes after the US stock market opens in the evening.
In the evening, Youmi's retreat on the Silk Road continues.
For Bitcoin, the suggestion is to target 965 within the 948-950 range, with a stop-loss at 940.
For Ether, the suggestion is to target 1860 within the 1785-1805 range, with a stop-loss at 1760.
