The more sideways the market is, the more patience is needed; with proper execution, profits will come as scheduled. Early this morning, Old Yang provided a strategic layout idea for riding the trend higher; the overall market structure is also within expectations. Bitcoin successfully broke through the 314-point range, a small wave of profit-taking, gradually accumulating, with positions rising along with the tide—what's not to be happy about?


From the current market surface, the four-hour timeframe has formed a low-level sideways consolidation pattern after a decline. The price is closely following below the moving average, the Bollinger Bands are significantly narrowing, and the range-bound oscillation is obvious. The MACD double lines are slowly flattening below the zero line, indicating that the bullish rebound strength is severely lacking, and the bullish capital relay willingness is weak. On the one-hour timeframe, there is a high-level small shadow and small positive oscillation, with increasing upper shadows, the Bollinger Bands are narrowing, short-term overbought, and the rebound momentum is gradually weakening, so the trading strategy remains focused on riding the trend higher.
Tonight, short Bitcoin at 65,800-66,300, targeting around 64,000.
Tonight, short Ethereum at 1,730-1,760, #比特币反弹 targeting around 1,600.
BTC0.97%
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