Bitcoin (BTC) Analysis
Yesterday, we opened a short position at $67,300 and set the stop loss at $67,700. As a result, we exited with a small loss. Although the market consolidated at $67,300 for a day and failed to break through, it started to gain momentum after midnight and broke through the previous high. Fortunately, the stop loss was set properly and the position was not large. When facing pressure levels, we must act decisively, and it is normal to exit with a small loss. At present, we are waiting for new opportunities and are ready to open a short position again after hitting the trend line.
At around 1:00 a.m., the current price of Bitcoin is around $68,100. On the daily chart, the K-line has broken through the EMA trend indicator by about 6 points, and the EMA15 fast line has risen to around $65,000. The K-line has a tendency to step back on the fast line. We can seize this opportunity of adjustment and arrange short positions. MACD has broken through the zero axis, showing an upward trend. The Bollinger Bands are open, and the daily K-line has been hovering near the upper track for many days, indicating that there is a possibility of breaking through $68,600 at any time, so the short position layout point needs to be adjusted. The KDJ indicator shows that the upward opening continues to spread, indicating that the upward space has not yet been exhausted.
Four-hour level analysis
The four-hour K-line closed positively continuously, and the EMA trend indicator spread upward alternately, and was blocked above the upper track of the Bollinger Band near $68,000. The upward opening of the KDJ indicator has not been completed, the MACD has shrunk and increased, forming a golden cross, and the DIF and DEA have closed. As long as the K-line breaks through the resistance point of $68,600, the bulls will further exert their strength. Therefore, the risk of short-term longs is greater than the benefit. It is recommended to wait until the bulls' peak exploration activity ends before arranging high-level short orders.
Operation idea: short selling
Entry point: short position in the range of $69,500 to $70,000
Exit point: $68,500 to $68,000, second target $67,000 to $66,600
Defense point: Cover short position at $70,500 to $71,000, stop loss at $71,500
Long
Entry point: Long orders in the range of 66,000 to 66,500 USD
Stop loss: Set the stop loss at 400 points
Exit point: $67,300 to $67,600, second target $68,500 to $69,000
Bitcoin is currently running at a high level, and technical indicators show that there is still room for bulls, but short-term adjustments are inevitable. Reasonably arrange short and long orders, set stop losses, and flexibly respond to market changes.
Ethereum (ETH) Analysis
At around 1:00 a.m. today, the current price of Ethereum is around $3,130. Bitcoin has already broken through its previous high, and Ethereum is expected to break through $3,150 soon. In the short term, trading opportunities are about to emerge. At present, the daily chart shows that the K-line has been blocked near the top pressure level of the EMA trend indicator at $3,130 for several consecutive days. After stepping back to the EMA15 support level of $3,050, the pull-up is a healthy adjustment, and the bullish trend remains strong. MACD shows incremental growth, bullish momentum continues to increase, and DIF and DEA spread upward. The KDJ indicator shows that the upward trend is not over. After the Bollinger Bands close, the K-line tests the upper rail again, and pay attention to the upper pressure level of $3,185. Once the K-line breaks through the upper rail, you can start to arrange short orders.
Four-hour level analysis
On the four-hour chart, the K-line closed positively continuously, the EMA trend indicator alternated upward, and the K-line remained at a high level. The KDJ indicator opened upward, and after the Bollinger Bands closed slightly, the K-line broke through the pressure level of $3,140, and is expected to further rise. MACD reduced volume and increased funds, and DIF and DEA formed a top divergence at a high level, but the divergence trend has not ended. Therefore, you can start to arrange short orders at a stable position, and the early low-multiple ideas can be converted to high-short.
Operation idea: short selling
Entry point: $3,200 to $3,230 range
Stop loss: $3250
First exit point: $3150 to $3130 range
Second exit point: $3050 to $3030
Long
Entry point: $3,050 to $3,070 range
Stop loss: $3030
First exit point: $3130 to $3150 range
Second exit point: $3,200 to $3,230 range
Ethereum is currently at a critical point. Technical indicators show strong upward momentum, but there is also a risk of adjustment. Reasonably arrange short and long orders, set stop losses, and flexibly respond to market changes. Seize the opportunity of callbacks and rebounds to ensure maximum returns and minimize risks.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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