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Midnight Silk Road and Recommendations
On Sunday evening, a long position was suggested around 66,800, and on Monday morning, it surged to around 69,000 with strong momentum.
The 4-hour chart shows that since the low point, a series of bullish candles and a steady rebound with a stable pullback have formed an upward structure, with higher lows and higher highs continuing. Two large bullish candles confirmed a strong rebound. Currently, the price is fluctuating slightly around a round number, which is a normal consolidation, with no signs of a top. Although the evening signals indicated a strong buy, Sister Lin does not recommend chasing. The upward space is limited, and it’s better to wait for a more stable entry point.
Trading Suggestions
For Bitcoin, consider setting a buy order around 71,000-71,500, with the initial target near 70,000. If broken, look further down to around 69,000.
For Ether, consider setting a buy order around 2,200-2,220, with the target below 2,150-2,120.
These are personal suggestions only. Please follow Sister Lin’s strategic layout for precise actions.