Trading philosophy: look at the trend in the big cycle and find the position in the small cycle;
Market review: After the market stabilized at 63500 Bitcoin and 3150 Ethereum, it steadily moved up to the middle track of the daily Bollinger band and encountered resistance. It has been fluctuating sideways for the past two days. The reference range is 65500-67000 Bitcoin and 3150-3250 Ethereum. We have relied on the support level below to ambush long orders and have stopped profit many times. At present, some bottom positions are left for waiting!
Technical analysis: For Bitcoin, the daily level has run to the middle track of the Bollinger band, the Bollinger band has begun to run flat, the MACD moving average runs in parallel, the short volume continues to shrink, the KDJ line runs upward, the 4-hour Bollinger band continues to close upward, the MACD moving average runs in parallel, the long volume gradually shrinks, and the KDJ line runs downward; Ethereum's technical indicators are basically synchronized with Bitcoin, but the daily MACD has formed a golden cross and runs upward, and the long volume has begun to appear, which is currently blocked by the middle track of the Bollinger band!
In summary, the current daily level has run to the middle track of the Bollinger Band. The current resistance is still very strong, but the market has chosen to consolidate sideways instead of falling back quickly after encountering resistance. I personally think that the bulls will test the pressure again. Once the impact is successful, Bitcoin 68500 and Ethereum 3350 will not be a big problem. The subsequent operation suggestion is still to do more!
Operation suggestion:
Bitcoin 65200-65700 area long, target 67000-68000, defense 64700!
Ethereum 3140-3170 area long, target 3250-3350, defense 3100!
The strategy is time-sensitive, and the specific private real-time guidance shall prevail!
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