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Song Xiqing: The market surges up and then pulls back, but that doesn’t change the uptrend. Song Xiqing’s exclusive market layout strategy is ready!
Judging from the current overall picture: after surging to around 82,500, the market has pulled back again. Now it’s around 81,500. The market’s upward momentum can continue, and the upside space has been further opened. Trading should maintain the idea of working with pullbacks.
From the 4-hour view: the Bollinger Bands are continuously widening while moving sideways, showing a staged bottoming trend. After building up momentum, it may further push toward the 83,000-85,000 zone. The target for this month continues to look toward the 90,000-100,000 range.
Trading suggestions:
BTC: Around 79,000-80,500, pull back first. Set a stop loss below 78,500. Targets are in the 83,000-85,000 zone.
ETH: Around 2,280-2,320, pull back first. Set a stop loss below 2,260. Targets are in the 2,380-2,450 zone.
Reminder:
The above analysis is Song Xiqing’s personal analysis. The market changes in an instant, and the content is for reference only. Everything is subject to Song Xiqing’s own market view!
$BTC $GT $ETH