BTC gradually broke away from the triangle consolidation trend after yesterday's surge. With the convergence of BOLL band indicators, the consolidation trend will continue. However, unlike the previous adjustment within the triangle range, the probability of oscillating upward is higher when the bulls gain a small advantage in the short term. During the day, we need to pay attention to the confirmation of the pressure of the triangle. If the confirmation is valid, the short-term focus will be on oscillating longs.
Trading strategy:
Long order: Try to go long with a light position near 68200, stop loss 67500. Target 69500-70500 (short-term intraday)
ETH weekly small cross star has little reference value. The only thing to pay attention to is that the trading volume is almost doubled. Generally, there are two situations: 1. The market is light and the trading atmosphere is low; 2. The volume is adjusted to accumulate power for the next round of trend. The daily trading volume also has a similar situation. In short-term trading, the BOLL band in the 4H chart is shrinking, and there is a possibility of a change in the market. The price fluctuates in a narrow range for a long time. For ultra-short-term trading, high-selling and low-buying are more practical, but there is a lack of profit space. Ultra-short-term high-selling and low-buying should not be too greedy for profits.
Due to the possibility of a change in the market and the small short-term volatility, conservative people can adopt the right-side thinking and wait until the price chooses a direction and then follow the trend. If the direction is not chosen, it is mainly based on ultra-short-term high-selling and low-buying and wait-and-see!
The above views are for reference only, pay attention to risk and position control!