Trading Philosophy: Look for trends in the long term, identify entry points in the short term;
Technical Analysis: In terms of Bitcoin, a bearish candlestick closed around 112800 on the daily chart, the Bollinger Bands are beginning to open downwards, the MACD moving averages continue to trend downward, bearish volume continues to increase, and the KDJ continues to trend downwards. On the 4-hour chart, the Bollinger Bands continue to open downwards, the MACD moving averages start to flatten and trend downward, bearish volume begins to decrease, and the KDJ line starts to trend upwards.
On the Ethereum side, the daily level closed with a bearish candlestick near 4070, the Bollinger Bands continue to converge, the MACD moving averages continue to move downward, the bearish volume continues to increase, and the KDJ lines continue to move downward. At the 4-hour level, the Bollinger Bands continue to open downwards, the MACD moving averages begin to flatten and move downward, the bearish volume starts to decrease, and the KDJ lines begin to move upward.
The current market is oversold, and the short positions set up yesterday have successfully taken profit again. It is recommended to buy at low levels going forward!
Operation suggestion: Buy on dips!
Long Bitcoin at 113000-113500, target 114500-115500, stop loss at 112000;
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Trading Philosophy: Look for trends in the long term, identify entry points in the short term;
Technical Analysis: In terms of Bitcoin, a bearish candlestick closed around 112800 on the daily chart, the Bollinger Bands are beginning to open downwards, the MACD moving averages continue to trend downward, bearish volume continues to increase, and the KDJ continues to trend downwards. On the 4-hour chart, the Bollinger Bands continue to open downwards, the MACD moving averages start to flatten and trend downward, bearish volume begins to decrease, and the KDJ line starts to trend upwards.
On the Ethereum side, the daily level closed with a bearish candlestick near 4070, the Bollinger Bands continue to converge, the MACD moving averages continue to move downward, the bearish volume continues to increase, and the KDJ lines continue to move downward. At the 4-hour level, the Bollinger Bands continue to open downwards, the MACD moving averages begin to flatten and move downward, the bearish volume starts to decrease, and the KDJ lines begin to move upward.
The current market is oversold, and the short positions set up yesterday have successfully taken profit again. It is recommended to buy at low levels going forward!
Operation suggestion: Buy on dips!
Long Bitcoin at 113000-113500, target 114500-115500, stop loss at 112000;
Long Ethereum at 4160-4190, target 4250-4300, defend 4120;
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