Analysis of Thoughts at Dawn in A Hang

On Thursday, the Bitcoin market showed a fluctuating downward trend during the day, with the price dropping from a high of 109,164 in the morning to a low of 106,539 in the evening, after which it stopped and then experienced a slight rebound, rising to a high of 107,769. The Ethereum market also continued to decline throughout the day until it rebounded after reaching a low of 2,714 in the evening, with the price peaking at 2,775 before stopping.

Based on the current market situation, the four-hour level indicates that after a round of adjustment, the market is currently in a stopping position, with the lower Bollinger Band providing strong support, and the bears have not broken through the lower band. The KDJ and RSI indicators show upward turning actions with the expectation of a golden cross. From the one-hour level, the market alternates between large bearish and bullish candles, with prices warming above the lower Bollinger Band, the KDJ indicator forms a golden cross at this level, and the MACD histogram also rises above the zero axis. Therefore, for our midnight operations, we can proceed with a low long strategy.

Buy Bitcoin near 107,000 with a target around 109,000.

Buy Ethereum near 2,720 with a target around 2,780.