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Today's market analysis and trading strategy,
BTC and ETH are resonating, both breaking above the 20-period moving average on the 4-hour chart, and stabilizing above the 20-period moving average on the 1-hour chart. For more conservative traders, wait until 12:00 to see if the 4-hour cycle can stay above the 20-period moving average. If it does, then wait for the 1-hour cycle to pull back and confirm support at the 20-period moving average before entering long positions. Set stop-loss at the low of 15 minutes ago. This is my personal view and trading approach. If you have different ideas, feel free to follow me and share your opinions in the comments! Thank you for your support and interaction! #Gate #BTC #ETH