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Monday afternoon, April 12th: Latest ideas and operations for Bitcoin and Ethereum
Don't always try to catch the bottom or top—that's what the gods do. Admit that you can't see the peaks and valleys clearly; just focus on the path under your feet. The trend is your friend; follow it. Even if you're a bit slow, you'll go farther than those fighting against the trend. From early Monday morning, Bitcoin rebounded to 71,423 but faced resistance again, dropping back down to around 70,458. Ethereum rebounded to 2,217 but was again pressured, falling to a low of around 2,182. The rebound strategy shared last night proved correct as expected, with the first target successfully achieved. For friends still holding long positions, please be patient.
Looking at the current market trend, on the daily chart, breaking through the downtrend channel, higher lows, and shrinking volume all indicate typical bottoming signals. On the four-hour chart, the MACD indicator has formed a golden cross and continues to rise, with volume increasing significantly, showing bullish momentum is being released. On the one-hour chart, the KDJ indicator shows a low-level golden cross, with all three lines moving upward simultaneously, clearly signaling an oversold rebound. In the afternoon, Lao Ma continues to suggest a low-buy strategy.
Monday afternoon trading ideas:
Bitcoin: Buy around 70,600, target 71,800
Ethereum: Buy around 2,160, target 2,240