Looking back at yesterday's market, the fluctuation has returned. It interrupted the continuation of the bearish trend. The Zhuowei team has always positioned itself to follow the trend, seizing every market fluctuation. Yesterday, we also reaped a bountiful harvest, with Bitcoin successfully achieving a space of 3030 points and Ethereum 91 points. This morning, the fluctuation continued, and we timely arranged for students to enter the market, successfully capturing a space of 65 points for Ethereum. For the recent market where both sides are fiercely pulling the fluctuation, our best strategy is to follow the trend, keeping up with every wave of market direction, and managing entry and exit timing promptly.
From the hourly technical perspective, the three lines of the Bollinger Bands are showing a gradual convergence, indicating that the current market has entered a range-bound consolidation phase. This pattern usually implies that the short-term bullish and bearish forces are tending to balance, in a process of momentum accumulation and storage. Considering the previous bullish trend, the consolidation is more likely a rest before the continuation of the trend—digesting short-term selling pressure through the exchange of chips within the range to accumulate energy for subsequent upward movement. Therefore, it is essential to pay close attention to the breakout signals at the upper and lower boundaries of the consolidation range. If the bulls can effectively break upwards after consolidation, the previous upward trend is expected to reignite.
Thursday morning operation suggestion: Bitcoin around 118500, target 120500
Thursday morning operation suggestion: Ethereum around 3350, target 345
