Bitcoin continued to fluctuate in a narrow range at the daily level, reaching a maximum of around 31,000 and a minimum of around 30,000, but failed to break through effectively. The price of the currency is currently maintained at around 30,500. From a technical point of view, it is still oscillating within the overall box range, and the current support is located in the low area around 30,000. From the four-hour level, the Bollinger Bands are running upward, but the price of the currency has not changed significantly after selling high and buying low, and it is still around the middle track of 30,500. MACD and KDJ maintain an oscillating state, the moving average is flat, and the short-term cycle is still in a range of oscillation. It is recommended to operate with an oscillating mindset before a breakthrough.
Operation suggestions: Long order: buy in the range of 30300-30500, target 30800-31200, stop loss 30100 Short order: sell when there is a divergence near 31200, target 30500-30300, stop loss 31500
Ethereum also continues to fluctuate in a narrow range at the daily level, with MA30 rising above MA60 and showing a bullish arrangement. The four-hour level forms a triangle convergence trend, with the upper pressure at 1900 and the lower support at 1850. In the short term, it is mainly oscillating, but the bulls are slightly stronger and are expected to rise to 1920. The price is still in a convergence pattern, so sell high and buy low.
Operation suggestions: Long order: buy in the range of 1850-1870, target 1900-1920, stop loss 1830 Short order: sell when 1900 diverges, target 1870-1850, stop loss 1940
