6.3 Bitcoin/Ethereum evening operation strategy with market analysis
Bitcoin/Ethereum deployed the idea of retreating long orders again last night, and the market also rose after entering the market. So far, the highest price of Bitcoin has risen to around 70,370, and the highest price of Ethereum has risen to around 3,854. The bullish trend is in line with expectations. The current market has risen again and fallen back. There is still room for decline in the short term, but the space will not be large. You can wait for opportunities to continue to enter the market with long orders at night. In fact, we have repeatedly emphasized in the past few days that we have retreated to enter more. The overall space is still very good. If you don’t know how to do swings in this market, you can come and follow the operation.
In the four-hour view, under the state of shrinking, there is no sign of opening in the short term. The MACD technical indicator is still shrinking in a short-term form. At present, the entire track of the ultra-short-term BOLL technical indicator is running in the lower track area. The overall trend of Bitcoin on the daily chart is strong. It has broken through the 7-day and 10-day MA of 68,000 to 68,500. Pay attention to the stabilization below. Ethereum has a smaller overall volatility. Due to the previous sharp rise, it is currently in the repair and consolidation stage. It is recommended to continue to enter the market with long orders when retreating in the evening.
Bitcoin: Enter long orders near 68,400 to 68,700, with a target of 70,000 to 70,500;
Ethereum: Enter long orders near 3,740 to 3,760, with a target of 3,830 to 3,860. #新币挖矿 #BTC #ETH $ETH $BTC
LIVE
It is hard to describe the market of Bitcoin/Ethereum over the weekend. The overall volatility is small. In fact, Bitcoin and Ethereum have been trading sideways at this position for some time. Bitcoin has never broken below 67,000 and Ethereum has never broken 3,700. With multiple accumulation and bottoming, the market is expected to usher in a wave of pull-ups. In the four-hour view, the Bollinger Bands have once again shrunk to the extreme, and the continuity of long and short positions is not strong. At the same time, the market is about to change. The support strength of the line below 3700 to 3750 for Ethereum is not bad, and Bitcoin is expected to be supported at the line of 67,000 to 67,500.
On the daily line, Bitcoin and Ethereum have been hovering around the 7-day and 10-day moving averages in the past two days. Especially since this round of pull-ups, the retracement strength is relatively small, and the market is expected to move out of the relay pattern in the rise. In the early stage, I analyzed with you that if it is sideways during the decline, the apparent decline has not ended. The market will have another round of decline and then pull up, and the same is true for sideways after the rise. From the perspective of the four-hour technical indicators, both KDJ and MACD technical indicators are in a state of short-term shrinkage, and have not been linked to short-term expansion. Long positions are expected to rebound after bottoming out.
In terms of night operations: long orders are entered near 67400 to 67700 for Bitcoin, with a target of 68800 to 69500; long orders are entered near 3750 to 3780 for Ethereum, with a target of 3840 to 3870. #新币挖矿 #BTC #ETH $ETH $BTC
