Today's market has experienced a rapid decline influenced by news, and the drop has been significant, reaching a low of 98744. After hitting this low, the bears did not extend their momentum but provided a rebound. We also advised everyone this morning not to short after the bottom is hit, but to take the opportunity to go long during the rebound. Currently, the price of the coin has warmed up and is running above 102000. The long positions set up during the day have also been successful. Ethereum is following the same trend as Bitcoin. After touching the low of 3540 at noon, it began to rebound and warm up. It is currently running around 3700.
From the current four-hour structure, the Bollinger Bands are opening downwards, Bitcoin's bearish volume is decreasing, running near the lower band. KDJ is gradually moving upwards, and MACD is still running downwards below the zero axis. From the one-hour structure, the Bollinger Bands are opening downwards, Bitcoin has reached the middle band, bullish volume is increasing, and MACD has a golden cross moving upwards while KDJ is opening upwards. We can still participate in long positions this evening to catch the rebound.
Operational Suggestions
Go long at 101500-101580 with a target of 104000
Ethereum can go long around 3660 with a target of 3770
