Good morning, friends. I am Meng Ge. The bulls surged to the 98600 area for a pressure test in the early hours, then began to pull back for correction, bottoming out at 96800. The overall rhythm is like a roller coaster, just as I mentioned yesterday, if the previous high pressure area is not broken, it’s bold to go short on the reversal. This kind of wide fluctuation is hard to continue after a surge in volume, so today’s strategy remains to buy on the pullback!
From a technical structure perspective, the hourly candlestick is running in the middle and upper bands of the Bollinger Bands, showing a strong bullish pattern. It is expected to continue to push higher within the day. For short-term trading, we need to watch the entry points. The upper pressure point is 99000; if it doesn’t break, we can reverse and go short. The strategy for Ethereum is in line with Bitcoin, with an upper pressure point of 3650; if it doesn’t break, we can reverse and go long.
Daily trading strategy suggestions:
Bitcoin: Buy in the 96200-96700 area, target 99000; if it doesn’t break, we can reverse and go short.
Ethereum: Buy in the 3520-3550 area, target 3650; if it doesn’t break, we can reverse and go short.
Do not fear the long road, only fear short ambitions; do not fear slow progress, only fear stagnation. Every step counts. Keep going, stranger, follow Meng Ge and walk with the light! #市场回暖新机遇 #币安BNSOL质押PYTH $BTC