Monday Bitcoin Ethereum Market Analysis Summary and Early Morning Trading Suggestions
Today's market saw successful recovery of recent losses, occupying a dominant position in the market. After reaching the line of 106482 in the morning, there was a slight pullback until the afternoon, after which the market surged to a high of 107985. Ethereum followed suit, also performing exceptionally well. Our strategy today perfectly aligned with the market, yielding nearly 3000 points of gains.
From the daily perspective, Bitcoin's K-line has broken through the middle band of the Bollinger Bands, showing a trend of continuous upward breakthroughs. From the four-hour level, the market has broken through the upper band of the Bollinger Bands and is currently guiding the Bollinger Bands, which precisely indicates that the market trend is strong enough to influence market fluctuations. The three bands of the Bollinger Bands are forming an upward trend, indicating a strong market trend. From the hourly level, the market continues to push upward, with Bitcoin maintaining its dominant position. In the early morning, our strategy remains unchanged, still focusing on Bitcoin, continuing with the strategy of buying high and selling low.
Bitcoin 107500-107000 range target 109000
Ethereum 2540-2520 range target 2650
