It has long been indicated that there will be a rebound, and this slow trend is still heading towards the 95000 level!
The bullish bars are clearly strengthening, and the Bollinger Bands are moving upwards, but it is still just a drop in the bucket; there is some difficulty in setting new highs!
It is recommended to operate on the short side. $BTC
Suggestion: Short at the 95800—96600 level and look for a return to around 93000.
If Ethereum falls to this point, the bearish trend will have faded. The bullish and bearish candles are pulling back and forth; although the rebound strength is not great, it can be a short-term profit opportunity. $ETH Suggestion: Short buy at 1800, target 1820
High short suggestion: Short at the 1865 line, target 1875
The M息 has not appeared for a formal vote, and the market will not see much fluctuation for the time being! Today's K-line support has moved up somewhat, and the Bollinger Bands are also trending upwards, indicating a temporary rebound. However, to be safe, it is still advisable to focus on short positions, targeting $BTC .
Suggestion: Short at around 95800, aiming for 93000.
The evening daily line shows that bullish sentiment is significantly suppressed. In the daily time frame, the buying power finds it difficult to push prices upward continuously, and the overall trend presents a pressured pattern.
In the four-hour level, the Bollinger Bands are opening upwards, indicating increased market volatility. The K and J lines are fluctuating near the upper band, which is a signal of short-term bullish strength, showing a clear short-term upward trend.
However, there is insufficient support strength below in the recent period. The lower Bollinger Band is unable to provide effective support for price corrections, which means that the current bullish rise may only be a temporary rebound, lacking a foundation for sustained upward movement. $ETH
Suggestion: Position long-term short orders near the 1865 level, targeting 1750.
Currently, the 5, 10, and 20-day moving averages are in a bearish arrangement and are oscillating downward. The moving averages continue to exert pressure from a high position, and the average market holding cost is continuously decreasing in the short term.
On Monday evening, there was no trend reversal candlestick pattern, but the KDJ indicator formed a golden cross three times in the oversold zone, signaling a short-term rebound.
However, the Fibonacci 0.382 - 0.5 range and the densely traded area at previous highs constitute strong resistance, while the Bollinger middle band continues to suppress. It is recommended to maintain a high short strategy!
Recommendation: Short around 96800 and look for 93500.
The bottom long given yesterday has now been completed, and the current upward line is stable. One can look for a short position around 593 when it rebounds to 600.