After the weekend adjustment, the price comparison surged in the early morning, and the major cryptocurrency broke through the previous high in the morning!
A short-term pullback is a normal correction after the rise, currently oscillating around 105000~
Once stable, there is still potential for an upward surge during the day, maintain a low buy strategy on pullbacks~
Operation suggestions:
🔸 Lightly buy around 1040-1045, target 1060-1070, if broken, look for higher~
Be cautious with your position, don't be greedy when the price surges~✨#山寨季何时到来?
Although Bitcoin has been continuously breaking previous lows, a turning point appears at the intersection to choose a direction~
After such a long consolidation at a high level, this trend is nothing! Based on the highest point, it has only retraced 2 points.
It looks like a shakeout~
Don't be too pessimistic, a big market trend won't be interrupted by this small movement. Stay optimistic and wait for a new high~😉 #美国加密立法 #CPI数据来袭 #山寨币交易
Although we haven't reached the target, short-term longs are steadily profiting~
Bitcoin gained nearly 800 points, and Ethereum 60 points. The long and short setups have been quite strong these past two days!
Current situation: Prices haven't stabilized above the first line, but a breakout is just a matter of time; a deep reversal won't happen!
Technically, we are still in a large-scale consolidation. The morning bulls didn't extend; now the high-level consolidation may continue to saw back and forth.
However, the pullback is merely a correction for the bulls, limited in space, and the overall bullish direction remains unchanged~
Trading advice:
Bitcoin: Long at 103000-102500, target 105000 Ethereum: Long at 2570-2550
Target 2650-2700
Don't panic with the oscillating rhythm; follow the trend, and just enter at the right points! 💪 #CPI数据来袭
The daily chart shows alternating gains and losses, the Bollinger Bands are trending upward, but the KDJ is “looking down” at a high position.
The MACD is showing a death cross at a high level and is moving downward, and the trading volume is getting weaker, indicating a clear need for a pullback!
Although the U.S. stock market is holding strong, allowing Bitcoin to drop and still rebound,
the upward momentum is clearly lacking, and it is stuck at 105,000 USD, unable to break through.
If there is a rebound to the 10,420 - 10,470 range in the afternoon,
quickly and decisively short, with the initial target at 10,300 - 10,200! Set your points quickly and wait for the signal to rush~ #CPI数据来袭
Bitcoin's mid-range is holding, but 105,500 is an old resistance level (it was stuck at this point in June), we need a significant breakout to consider it stable, otherwise, it's easy to fake out!
Ethereum just reached a new high on the four-hour chart, but if the RSI spikes above 70 into the overbought zone,
be careful of a pullback; many people will definitely want to take profits and run at the 2750 round number~
Now the market is starting to fluctuate, so don't guess blindly!
The overall trend remains unchanged, but the entry points for going long need to be more precise.
Remember these two golden levels:
If Ethereum pulls back to 2590-2630, go long boldly, set a stop loss at 2540, target 2750.
Wait for Bitcoin to drop to 102800-103300 before taking action, and look directly at 105500!
This morning's market analysis for the pancake is here~
The price has temporarily returned above 104000, but the 'hard nut to crack' at 105000 hasn’t been tackled yet. Be cautious of short-term pullbacks, and definitely don’t impulsively chase the rise!
Currently, the upward momentum is not very strong, and the trend has been fluctuating under pressure.
It is recommended to focus on a high short strategy!
In terms of operations, decisively short in the range of 104000 - 104500.
The target is set towards 102500! Stay steady and don’t be reckless, let’s take profits when we see them~ #Strategy增持比特币