Good morning, friends. I am Lao Meng. The overnight market is consistent with Lao Meng's predictions. After a brief low opening in the US stock market, the market quickly adjusted, oscillating between 94900 and 96100. There was no obvious one-sided trend overnight, and short positions can be entered at low points.
From a technical structure perspective, the hourly chart's candlestick is moving within the middle and upper bands of the Bollinger Bands, with bullish candles showing a step-like upward pattern. From a daily perspective, the upper resistance level shows a downward trend, from 98600 to 97500. This situation reflects that the recent market is unlikely to suddenly reach new high points. Lao Meng predicts that the intraday trend will exhibit a bearish pattern and move downward. Pay attention to the support level at 94500-93750; if it holds, then consider entering long positions again. The idea is in sync with the major currency, and the support level is at 3530; if it holds, consider entering long positions again.
Intraday suggestions:
For Bitcoin, short positions can be entered in the range of 96500-96800, targeting 94500-93750. If it holds, consider entering long positions again.
For Ethereum, short positions can be entered in the range of 3650-3670, targeting 3530. If it holds, consider entering long positions again.
Do not fear a long road, only fear short ambitions; do not fear slow progress, only fear stagnation. Every step counts. Keep going, stranger. Follow Meng Ge. If your trading is not ideal, you can walk with the light! #ETH持续飙升 $BTC