Trading Philosophy: Look at the trend in the long term, find points in the short term;
Technical Analysis: For Bitcoin, the daily level continues to close with gains, the Bollinger Bands are slightly opening downward, the MACD moving average continues to run downward, there are signs of renewed bearish volume, the KDJ line is starting to run downward. At the 4-hour level, the Bollinger Bands are continuing to open upward, the market rebounded to the upper track and then fell under pressure, the MACD moving average is starting to run downward, and bullish volume continues to shrink, the KDJ line is running downward; (See yesterday's market trend prediction)
For Ethereum, the daily level continues to close with gains, the Bollinger Bands continue to open downward, the MACD moving average continues to run downward, bearish volume continues to shrink, the KDJ line is gently running downward. At the 4-hour level, the Bollinger Bands are starting to close upward, the MACD moving average is gently running upward, bullish volume is shrinking, and the KDJ line is running downward; (See yesterday's market trend prediction)
In summary, the overall market has once again entered a range structure. The high position short orders laid out yesterday have exceeded expectations for profit-taking, and we are currently at the low end of the range. It is recommended to go long based on support!
Trading Advice: Go long at support!
For Bitcoin, go long in the 94000-94500 region, target 96000-98000, with a stop-loss at 93500;
For Ethereum, go long in the 3320-3350 region, target 3400-3500, with a stop-loss at 3280;
The strategy is time-sensitive, specific guidance should be based on real-time private consultations!
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