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1.4 Saturday, BTC makes a strong comeback, continue to go long today
I mentioned that after the American holiday, Americans would return to work, leading to significant volatility, and sure enough. Of course, we captured the drop to 96200 yesterday and stabilized to go long, targeting 98500, easily gaining 2300 points of profit.
Since the pressure at the first line of the 4-hour cycle has been broken, we can only look bullish and go long, not chase the market, because the daily cycle has broken through two moving averages, but the 60 moving average is still ahead, requiring a retreat to advance.
In the 4-hour cycle, the double bottom structure has been completed, and it has successfully broken through the neckline at 98000. Isn't this the standard structure to go long at the retracement of the neckline? The bottom moving averages in the 4-hour cycle are converging, which is also one of the signals for a price increase. The most important signal remains that the daily cycle gold price stands above the 20 moving average and the 30 moving average, indicating that it is a rhythm of breaking through the moving averages one by one. Therefore, we continue to go long!
For Bitcoin, enter long in batches at 97500-97100, looking at 99000-99500.
For Ethereum, enter long at 3580-3550, looking at 3680-3700.
I mentioned that after the American holiday, Americans would return to work, leading to significant volatility, and sure enough. Of course, we captured the drop to 96200 yesterday and stabilized to go long, targeting 98500, easily gaining 2300 points of profit.
Since the pressure at the first line of the 4-hour cycle has been broken, we can only look bullish and go long, not chase the market, because the daily cycle has broken through two moving averages, but the 60 moving average is still ahead, requiring a retreat to advance.
In the 4-hour cycle, the double bottom structure has been completed, and it has successfully broken through the neckline at 98000. Isn't this the standard structure to go long at the retracement of the neckline? The bottom moving averages in the 4-hour cycle are converging, which is also one of the signals for a price increase. The most important signal remains that the daily cycle gold price stands above the 20 moving average and the 30 moving average, indicating that it is a rhythm of breaking through the moving averages one by one. Therefore, we continue to go long!
For Bitcoin, enter long in batches at 97500-97100, looking at 99000-99500.
For Ethereum, enter long at 3580-3550, looking at 3680-3700.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,393.13
-1.89%
ETH
3,326.74
-0.33%
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