Thursday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
The morning strategy was perfectly realized; the bigger the waves, the more valuable the fish; the larger the volatility, the easier it is to profit. The early warning indicated a clear trend, suggesting to continue buying on the pullbacks. The market's retracement and extension were smooth, providing us with over a thousand points of upward movement. Friends who followed can arrange their exit timing accordingly. Please check the suggestions in the article below!
From a technical perspective, the 4-hour moving averages show a bullish arrangement, and the MACD continues to expand. The short-term trend is strong, with key support at the 109200-109600 range and resistance at the psychological level of 111000. If broken, it is expected to test 112500. In terms of operations, consider setting up long positions near 109600, targeting 111300-112000; however, be cautious of the risk of a high-level pullback. In the evening, pay attention to changes in market sentiment and the impact of the U.S. stock market opening on the crypto market. Conservative investors are advised to wait for confirmation of a breakout signal before entering the market.
Trading Suggestions:
Bitcoin Suggestion: Buy in the 110000-115000 range, target 112000.
Ethereum Suggestion: Buy near 2600, target 2680.
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