Good evening, investment friends. Today's short-selling strategy was precisely on target, with both Bitcoin and Ethereum making profits. An old student returned on the first day and scored over a thousand points, showing that making a profit is not difficult. All loyal followers who kept up have made profits, and the strategy is publicly available for verification, no hindsight analysis!
The Bitcoin strategy analysis for the evening of May 4th is as follows!
Market Context: The current market is showing a fluctuating downward pattern, but key support levels are showing resilience. The narrowing of the Bollinger Bands and the MACD recovery suggest that a turning point is approaching. Bitcoin has dipped from 96,200 to 95,200 during the day, while Ethereum maintains a range-bound fluctuation, with the battle between bulls and bears entering a heated stage.
Technical Analysis:
Although Bitcoin is currently weak and fluctuating, the Bollinger Bands are narrowing further, and market volatility is clearly decreasing, which may signal a reversal. Meanwhile, the MACD indicator has just shown a "golden cross" (the white line crossing above the yellow line) below the zero axis, indicating that the bearish force is slowly weakening. If the 4-hour K-line can break through the downward trend line pressure at 96,200, the market may turn bullish tonight.
Bitcoin: Long at 95,000-95,500, target at 97,000
Ethereum: Long at 1,770-1,800, target at 1,900
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