The large pancake daily line has pulled up with a strong bullish candle, breaking the recent oscillating tug-of-war pattern. Although it faced slight resistance below the 100,000 mark this time, it has firmly broken the magic wand of the lower range, leading to a unilateral market trend. The strength is undeniable, and we can continue to maintain a bullish stance in the early morning. If it cannot break through, we need to pay attention to small-level pullback support, such as around the levels of 100651, 99871, and 99180. As long as the pullback does not break these support levels, the market remains under bullish control. Based on this market analysis, morning operations should continue to follow the idea of buying on dips.
Large pancake 101300-101000 to buy low; upper level 103000
Ethereum 3650 to buy, stop at 3610, target 3850–3900!
The way of trading is not much different from falling in love; whether it's with money or with heart, choosing one will lead to losses unless both are combined to achieve success! The morning reminder perfectly captured a thousand points for long positions. After the fluctuations during the day, the evening price has currently reached the high point of around 102400. The evening strategy is to look for a rebound before going short. We also observed a wave of rebound and captured nearly two thousand points in live trading, with Ethereum also securing over 150 points.
Bitcoin is currently close to breaking the second resistance level near 102700. If it continues to break through, we will then look at the vicinity of 104000. During the night, pay attention to these two resistance levels; if they cannot be broken, watch for minor pullbacks. The targets are 100500, 99800, and 99000. As long as these three support levels hold during pullbacks, the market will remain bullish. Only if the four-hour closing line falls below 99100 will this wave of rebound be considered over.
Ethereum is currently pushing up to the second resistance level of 3730. If this resistance is broken, we will look at the next targets of 3780 and 3900. The evening's minor pullback support is at the positions of 3680 and 3650. If these two support levels are not broken, the market will still look for a rebound. Only if the four-hour closing line falls below 3650 will this wave of rebound be considered over, with targets at 3570, 3530, and 3470.
At present, the daily line of Bitcoin and the rebound momentum of 4 hours have converged. In the short term, there is still strong pressure on the integer mark of 100,000. From the previous market, we can see that the price of the currency has been under pressure in this area many times. As a watershed between long and short positions, the current price of the currency cannot stand above 100,500. It is better not to chase the rise too much. The daily Bollinger band shows signs of closing, and the high point is just around 100,500. At present, the bullish limit can only be seen at 101,000.
Big cake is expected to rebound at 99,000-100,500 in the evening, with a target of around 98,500-97,000 Ether is expected to rebound at 3,700-3,660 in the evening, with a target of around 3,600-3,560
This week started with a bang! The morning alert suggested going long around 98,000, which again achieved a 1,000-point gain, perfectly executed!
As Bitcoin's daily chart shows another bullish candle, the market is gradually warming up. Currently, the price is above the five-day moving average, and although there are signs of stabilization above the mid-line, there remains significant pressure near the 100,000 mark. If it cannot break through and stabilize, it is expected to maintain a fluctuating pace in the short term. Looking at the hourly chart, the price's breakout has created a certain upper shadow, but the pullback has not managed to bring the candlestick back within the upper track. The demand for a pullback is not as strong as it was in the morning. With such a strong trend, the short-term will undergo consolidation and accumulation to open up an upward channel. Thus, the overall direction remains bullish.
For the afternoon, look for a pullback to 98,500-98,000 before going long, with a target of 99,500-100,000. For Ethereum, look for a pullback to 3,600-3,630, with a target of 3,750-3,800.
Smile at the storms of trading, a calm and peaceful heart brings peace of mind. The market has never promised anyone safety, nor is anyone isolated and helpless. At midnight, with more than 98,000 long positions, we are also aiming for a thousand points. In the recent 4-hour chart, it's been a continuous upward trend, with a strong short-term performance and a fluctuating upward movement, so being bullish is the current main theme. Similarly, the hourly chart has not given any opportunities for bearish performance; the market is primarily exhibiting bullish behavior. Therefore, with the main rhythm leaning towards strength, we can continue to maintain a low bullish approach!
Support level at 98,000, if it does not break below, we look up at the targets of 98,800 and 99,600. If it breaks, the targets are 97,200 and 96,500. Ethereum at 3,637, holding steady to go long, if it breaks, we look bearish!
Bitcoin is currently still in a range-bound fluctuation. The four-hour level confirms a pullback. During the night, the focus should be on the 98000 resistance. Only if the four-hour close breaks above the 98000 resistance level, we will first look at the upper resistance levels of 98900 and 99800. If we cannot break the 98000 resistance, we will continue to look for a pullback, targeting around the 97300 and 96000 positions. For Ethereum, the important resistance above is 3630. If this resistance is broken, the price will again push higher to the 3670 resistance. If it breaks again, we will look at the area around 3700. If the four-hour close fails to break above 3630, the price will continue to fluctuate. Pay attention to the support levels below at 3570, 3510, and 3460.
As the price of the coin rebounds and touches the 99000 level again, the market has shown signs of quietly heating up. The downward trend of Bitcoin has been curbed, and the rebound action is obvious. However, based on market data and news analysis, a strong rise in the short term still seems challenging. Additionally, with lower market liquidity over the weekend, Bitcoin is expected to continue fluctuating in the 97000 to 98500 range. In the short-term perspective, after a slight rise in Bitcoin being blocked, it is currently normal for it to pull back with a bearish candlestick. The moving averages have turned downwards and are spreading, and in terms of MACD volume, the bulls have not shown a good release, leading to a slight price decline. In terms of short-term structure, there is still a downward demand for the coin price, but we still maintain a bullish outlook in the larger direction. Future operations should focus on participating around the lower end!
Bitcoin suggestion: Long position at 97300-97600, looking up to 98800-99800. Ethereum suggestion: Long position at 3630-3610, looking up to 3730-3760.
The upward momentum of Bitcoin is still a bit weak. Currently, Bitcoin is undergoing a one-hour level correction, with support at 97700, 97400, and 96000. As long as these positions hold, we still look bullish. The upper resistance continues to see 98900 and 99800. In the short term today, you can refer to the resistance and support for back-and-forth trading.
Currently, it is also undergoing a one-hour level correction, with support at 3560, 3520, and 3440. As long as these positions hold, the market continues to look bullish, with upper resistance at 3620 and 3720.
Observing the 4-hour K-line, the upward rhythm has changed from weak to strong, and the increase has also broken the previous oscillation pattern. Currently, although there is a pause, the upward trend has not yet ended, and the broken line is expected to continue to rise slowly while attempting to reach higher. At this time, entering the weekend, the short-term is caught in a contraction and consolidation. Combining with small-level patterns, the adjustment has not yet completely ended, but it will relatively be slow due to weekend pressure, and the short-term is temporarily in oscillation. The 4-hour chart shows a rebound at the 98976 line, which then faces pressure and starts to decline. However, currently, the white board has not further broken the low but is in contraction and consolidation, pulling the moving average indicators to turn around. Currently, the market is running around a short-term bullish trend, and overall structure will pull back before continuing to rise.
Bitcoin: It is recommended to go long in the range of 97600 - 97200, targeting above 98500-98900-99200. Ethereum: It is recommended to go long in the range of 3540 - 3560, targeting 3660.
From the 4-hour perspective, the bullish volume bars show a three consecutive upward trend, and the price has continuously broken through the upper resistance, both demonstrating a positive unilateral upward trend. The upward trend of the Bollinger Bands is evident, with ample bullish positions, indicating that a short squeeze is imminent. Therefore, the strategy will continue to focus on low buy opportunities for positioning.
On Saturday morning, Bitcoin is expected to short in the 98500-99000 area first, looking for a pullback near 97000, then reassess. During the weekend, no significant changes are anticipated, temporarily focusing on a range of 97000-99500 for short-term trades, operating with a strategy of shorting first then waiting for a reversal. Ethereum: Short in the 3620-3600 area, looking for a pullback near 3570-3540, then reassess for a long position, with a target near 3700!
The US stock market opened higher in the evening, Ethereum stood at 3500, and Bitcoin also stood at 97000 after a spike. The Dow Jones opened up 0.41%, the S&P 500 rose 0.47%, and the Nasdaq rose 0.6%. The long orders of 96000 Duo and 3390 Ethereum that were laid out in the evening have already left the market, gaining 900/60 points of space respectively. At present, the market continues to rise slowly to above 98000 after a high fall. Trading must have a plan and ideas. If you don’t know how to plan, you can find Boren to plan for you!
From the perspective of technical structure, in the four-hour level line, the running channel has shown signs of shrinking, and there is a certain pressure on the high. Although the moving average has turned around, there is no large retracement. The long volume has entered the consolidation stage. The short-term high is blocked and shows a weak retracement state, but there is a certain continuity. In the next idea, we will proceed in a state of shock, and first look at the callback from the high altitude
The short position at midnight is ambushed at 98500 and 99500, and the target is 97000, 96000 and 95000.
Ambush near 3590 and 3630, and the small-level retracement support at night is 3500, 3460 and 3400
In the volatile market, there are many opportunities for short-term trading. The intraday ambush low long position is also given. 96000 is one more time. Now it has come up to 96800, and the long position has a profit of 800 to 600 points. If it does not break 96000, you can try to take a light position. If it breaks 96000, you can still look at 94500 and 93000. The operation is flexible and changeable!
At present, the small level has begun to pull back. Pay attention to the support of 96000 below. If it does not break, we will continue to see a rebound, because the daily level has already stood on the bulls. The upper target pressure is 97700 and 99800. If the four-hour level closes below 96000 today, the rebound will weaken and the market will enter a shock again. We pay attention to the support of 94500 and 93000 below.
Pay attention to the support of 3420 below. If it does not break this position, the market will continue to see a rebound. The upper rebound targets are 3500, 3550 and 3620. If the four-hour level closes below 3420 today, the rebound will weaken. The support of 3390, 3350 and 3310 below
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From a technical analysis perspective, the appearance of consecutive bullish candles within the key framework of the four-hour structure chart indicates that the recovery action of the market has achieved a phased result, and the upward trend continues to ferment. In the daily chart, it can be seen that the candlestick has pierced the upper EMA30 and reached the upper boundary position, which is about to break the parallel trend and form a breakout situation. Therefore, the mid-line position during the pullback is also a strong support point, and the defense position can continue to consider the lower boundary position; in the MACD, the volume continues to decrease below the zero axis, and the fast and slow lines continue to converge, indicating that there may still be some distance to the formation of a golden cross. Considering the current technical patterns and market sentiment, in terms of morning layout, we can focus on opportunities to go long at lower levels.
The major coin pullback around 96500-96000 for a long position, target 98000-99000. The altcoin pullback around 3420-3390 for a long position, target around 3550.
From the 4-hour chart, the price is currently moving from the upper Bollinger Band to the lower band, situated below the upper band. The MACD indicator shows the two lines approaching a peak, forming a corner, while the momentum is gradually declining. The KDJ indicator has three lines crossing and then diverging downwards, with the opening expanding. Bitcoin saw a slight rebound in the afternoon, reaching near the first resistance level I provided. Currently, the daily level has not broken through, so it can only be considered a rebound. Keep an eye on the support level at 95200 for a pullback.
For tonight's operations, short around 96800 and 97500, targeting 94000, 93000, and 92000 here, with a stop loss at 98000.
Try shorting at the two levels of 3450 and 3500, targeting down to 3370, 3330, and 3300 here.
Due to the current market operating in a volatile pattern and not forming a one-sided trend, a high sell and low buy strategy can be adopted. The short-term pressure for Bitcoin is around 96,000, the pattern is complete but momentum is weakening, and one can participate in downward pullbacks. Currently, Hangqing is facing pressure and has fallen back after rising, while Bitcoin continues to fluctuate within a range, entering a rhythm of volatility. Looking at the four-hour chart, the Bollinger Bands show a significant opening state, with support continuously moving up. Without breaking through the support and resistance levels of the range, we will treat the day’s market with caution.
In the short term, we still need to pay attention to the area around 95,700-96,300. If there is no breakthrough above 96,300, we will still focus on the high side, targeting 94,200-93,700-93,200 nearby.
For Ethereum, buy in the 3,350-3,370 area, targeting 3,450. If it doesn’t hold, then we will consider reversing to short, targeting 3,300-3,280-3,250.
The upper rebound resistance levels are 95200 and 96000. If it does not rebound to these two resistance levels, we need to look at the support below: if it falls below the support at 93600 again, the targets below are 92000 and 90300.
The four-hour level resistance is 3350. Only if the four-hour closing breaks this resistance level, we will look at 3440, 3500, and 3550 above. If the four-hour does not break the 3350 resistance, it will continue to probe lower. If it falls below 3300 again, the targets below are 3220, 3100, and 3030.
Currently, there are no favorable conditions for a rebound. A technical rebound may occur due to some short-term profit-taking, but one must be cautious of further downside risks. The daily chart shows a further approach to the 90,000 level, but it is essential to be wary of a second peak followed by a pullback. Currently, the short-term performance is temporarily under pressure from above, and the bullish momentum is insufficient. It is expected to experience a slight rebound before gathering strength to break lower, with the overall market direction remaining bearish.
On the day, sell at 93,500 and 94,200 with targets at 92,500, 91,500, and 90,500. Sell Ethereum at 3,380-3,390, with targets focusing on 3,250-3,200.
Monday has also passed, let's review the trend of the day. Throughout the day, it mainly showed a fluctuating operation. In the evening, the currency price experienced a downward probe, touching the low point of 91510 before quickly rebounding. The currency price strongly rose to around the 94000 mark. Regarding Ethereum, after a morning surge, the currency price began to fluctuate. In the evening, it similarly experienced a pullback, quickly rebounding after hitting the low.
On the hourly level, the white segment moved like stairs; the double gear probability is high; it should still belong to the X wave, and there should be a rebound wave before falling again. The trend remains strong, Bitcoin surged to the 65000 area in the morning but did not sustain the rise, subsequently experiencing a pullback to the 61900 line, which has strong support. There’s not much to say about the rhythm; let's continue to maintain high for short positions and low for long positions.
Bitcoin trading advice: Operate with high short and low long positions within the range of 91900-95000. Ethereum trading can be synchronized with Bitcoin.