Trading Philosophy: Look at the trend on a large cycle, find points on a small cycle;
Technical Analysis: In terms of Bitcoin, there have been two consecutive bearish candles on the daily chart, the Bollinger Bands continue to contract upwards, the MACD moving averages continue to decline, bearish volume continues to increase, and the KDJ line continues to move downward. On the 4-hour chart, the Bollinger Bands continue to expand downwards, the market is currently operating below the middle line, the MACD moving averages are gently declining, bearish volume is starting to decrease, and the KDJ line is gently moving upwards;
In terms of Ethereum, the daily chart shows alternating bullish and bearish candles, generally trending sideways. The Bollinger Bands continue to contract upwards with signs of expanding again, the MACD moving averages are running parallel, bullish volume continues to decrease, the KDJ line is starting to gently move upwards. On the 4-hour chart, the Bollinger Bands are starting to run flat, the MACD moving averages are also beginning to gently decline, bearish volume is decreasing, and the KDJ line is moving upwards;
In summary, the overall downtrend of the market has temporarily come to a pause. The continued short strategy provided in the early morning unfortunately started to decline when the article was published, missing the entry point. In the morning, it has moved out of the expected continued decline, then hit the bottom and rebounded, with Ethereum showing a strong upward trend. This wave of correction has generally been well captured, starting from the 99500-3500 line to go short, including capturing quite a bit of space during the counter-trend rebound, all can be verified in the previous text!
Operational Suggestion: Start buying at low positions!
Go long in the Bitcoin 93000-93500 area, target 94500-96000, stop loss at 92500;
Go long in the Ethereum 3400-3430 area, target 3500-3550, stop loss at 3380; #市场波动,加仓还是观望? #美国GDP数据即将公布 #XRP市场价格动向 #比特币盘整分析