Wednesday Morning Thoughts: Latest Market Analysis of Bitcoin and Ethereum
Looking back at yesterday evening, the bullish outlook was perfectly realized. Although the market did experience a downward movement, touching a low around 104100, the pullback exceeded our expectations. However, each dip presents a good opportunity for you to increase your position. Lao Tian firmly believes that there will be good market conditions; trading is like that, it's impossible to be correct all the time. Just strictly execute your trading plan and manage your position reasonably. Lao Tian always emphasizes buying low and selling high. The midnight live market reached a high of around 107200, and those who followed the strategy should have gained a lot. For those who haven't yet profited, make sure to pay attention to Lao Tian's real-time updates every day; it's always good to refer to them. Currently, the live market is fluctuating around 106400, and we still maintain the strategy of buying on the pullback in the morning.
From the current technical analysis of the market, on the four-hour chart, the price continues to fluctuate above the middle band of the Bollinger Bands. Although the bears have caused some price retracement, they have not been able to effectively break through the key support level. The middle band area of the Bollinger Bands has formed a solid defense line, successfully resisting the bears' downward attacks and limiting further downside potential. On the one-hour chart, the market shows a staircase-like downward trend, stabilizing after touching the lower band of the Bollinger Bands. Subsequently, bullish forces began to counterattack, with technical indicators releasing positive signals simultaneously: the KDJ indicator's three lines formed a golden cross and continued to diverge upwards; the RSI indicator's three lines shifted from a converged state to an upward turn, indicating that bullish momentum is gradually accumulating in the market.
Morning Trading Suggestions
Bitcoin: 105500-106000 range, target 107500.
Ethereum: 2450-2480 range, target 2550.
#比特币 #比特币走势分析
Looking back at yesterday evening, the bullish outlook was perfectly realized. Although the market did experience a downward movement, touching a low around 104100, the pullback exceeded our expectations. However, each dip presents a good opportunity for you to increase your position. Lao Tian firmly believes that there will be good market conditions; trading is like that, it's impossible to be correct all the time. Just strictly execute your trading plan and manage your position reasonably. Lao Tian always emphasizes buying low and selling high. The midnight live market reached a high of around 107200, and those who followed the strategy should have gained a lot. For those who haven't yet profited, make sure to pay attention to Lao Tian's real-time updates every day; it's always good to refer to them. Currently, the live market is fluctuating around 106400, and we still maintain the strategy of buying on the pullback in the morning.
From the current technical analysis of the market, on the four-hour chart, the price continues to fluctuate above the middle band of the Bollinger Bands. Although the bears have caused some price retracement, they have not been able to effectively break through the key support level. The middle band area of the Bollinger Bands has formed a solid defense line, successfully resisting the bears' downward attacks and limiting further downside potential. On the one-hour chart, the market shows a staircase-like downward trend, stabilizing after touching the lower band of the Bollinger Bands. Subsequently, bullish forces began to counterattack, with technical indicators releasing positive signals simultaneously: the KDJ indicator's three lines formed a golden cross and continued to diverge upwards; the RSI indicator's three lines shifted from a converged state to an upward turn, indicating that bullish momentum is gradually accumulating in the market.
Morning Trading Suggestions
Bitcoin: 105500-106000 range, target 107500.
Ethereum: 2450-2480 range, target 2550.
#比特币 #比特币走势分析
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BTC
111,289.07
+1.63%
ETH
2,653.28
+2.16%