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Fluctuation in the crypto world is a norm, just like the rise and fall of ocean waves, showcasing the grandeur of the sea. Every pullback is a preparation for the next leap. Stay calm, analyze rationally, and do not be swayed by short-term fluctuations; only then can you grasp the key to future wealth. On Thursday morning, Bitcoin experienced a relatively strong dip, with the price sliding from a high of 103820 down to a low of 102074. Ether's movement synchronized with BTC, with the market descending from an early high of 2647 to touch a low of 2559. Victory Brother's bearish strategy in the morning was fulfilled as expected, with the short order for Bitcoin entering around 103779 and exiting near 102416, gaining 1350 points in space. The short order for Ethereum entered around 2639 and exited around 2568, capturing 71 points in space.
According to the current market situation, on the four-hour level, the trend is showing a stepped decline above the lower Bollinger Band, with bears performing quite strongly. However, the MACD indicator's fast and slow lines are still operating above the 0 axis at this level, which increases the probability of a pullback in the future. From the one-hour level, the trend has broken down through the lower Bollinger Band with consecutive negative candles, but the support at the 102000 level is quite strong, making it difficult for the bears to maintain downward momentum. Additionally, both values of the KDJ indicator have entered the oversold zone, so in the afternoon, we are optimistic about a bullish rebound after a pullback.
You can go long near Bitcoin 102000, targeting 103500.
Buy near Ethereum 2530, target at 26500 1928374656574839201 #PFVS Launchpad 认购开启