After the weekend adjustment, the price comparison surged in the early morning, and the major cryptocurrency broke through the previous high in the morning!
A short-term pullback is a normal correction after the rise, currently oscillating around 105000~
Once stable, there is still potential for an upward surge during the day, maintain a low buy strategy on pullbacks~
Operation suggestions:
🔸 Lightly buy around 1040-1045, target 1060-1070, if broken, look for higher~
Be cautious with your position, don't be greedy when the price surges~✨#山寨季何时到来?
Boys and girls! Key highlights of the cryptocurrency market on the morning of April 29:
Yesterday's trend was a false alarm; it seemed like it was going to drop, but in reality, Bitcoin is oscillating in the 92000-96000 range.
From a technical perspective, the MACD has divergence signals, so be cautious of adjustments in the short term.
The RSI is nearing the overbought zone, so watch for a pullback; short-term moving averages are tangled, and the trend is unclear, but long-term moving averages are trending upward.
There were too many people going long previously, so a significant pullback is likely on the way. Be sure to set your stop-loss!
Bitcoin strategy short position: open near 95500-94800.
Stop-loss above 96000, target 94000-93400, if broken, look for 92600.
Long position: enter near 93000-93800, stop-loss below 92600.
Target 94500-95400.
Ethereum strategy short position: open at 1820-1790, stop-loss above 1860.
Target 1750-1720, then see 1680.
Long position: enter at 1730-1760, stop-loss below 1680, target 1800-1830.
Don't act impulsively; strictly follow the plan! #Strategy增持比特币
In the morning, Bitcoin at 94517 faced pressure and retreated, supported at 92700 for a rebound;
Ethereum dropped to 1806, reaching a low of 1750;
Profits made: Bitcoin short position entered at 94250 and exited at 92900, earning 1350 points;
Ethereum short position exited at 1765, earning 40 points;
Technical Analysis:
On the daily chart, after reaching a new high of 95700, it retreated, with MACD showing a top divergence, indicating short-term consolidation at the peak;
The 4-hour chart shows a range-bound consolidation, with the Bollinger Bands narrowing, indicating a potential change in trend;
Trading Suggestions:
Short Bitcoin at 94600-95000, with a target of 93000;
Dear ones! If you want to achieve financial freedom in the cryptocurrency world, you must grasp these two key points: the original principal and your personal standard for financial freedom!
If the principal is only 10,000 to 30,000, in a bull market you might earn a maximum of 5 to 50 times, and if you're extremely lucky, you could make 1.5 million.
If luck is not on your side, you might only end up with 50,000, and most likely, you'll need to endure two rounds of bull markets to have a chance.
But if your principal is 200,000 to 300,000, it's a different story. After one bull market, even with bad luck, you would have 1 million.
With good luck, you could directly take home 15 million. Most people have a better chance of achieving their goals in this principal range~
However, there are also super skilled traders who rely on mature trading systems.
Regardless of bull or bear markets, they can profit from volatility, accumulating wealth step by step.
Ultimately, financial freedom is not that easy!
Personal ability, time, and principal must be weighed carefully.
If your ability and principal are lacking, then you have to take your time;
If you don't have enough time, then you have to rely on your ability and principal for a big push.
Although it's difficult to achieve financial freedom in any industry, the cryptocurrency world is good in that it does not judge based on background or education.
There are many opportunities, and the volatility is great, giving ordinary people a better chance to turn their fortunes around! #以太坊的未来
Dear friends, the weekend is here! First, I wish everyone a happy weekend~
Last night, Bitcoin surged, reaching a new high of 95,700, but the bulls' “momentum is lacking”
It quickly retraced and is now hovering around 94,500
On the daily chart, although there is a rebound, we have seen three consecutive days of doji candles, indicating that the upward trend is not particularly strong
Currently, the price is above the daily MA120 moving average, with short-term high-level consolidation, operating above the MA5 moving average
On the 4-hour level, the price is moving up along the MA5/10 daily moving averages
During the retracement, key focus is on whether the MA10 daily moving average can hold
On the 1-hour level, the MA30/60 daily moving averages at 9.43/9.36 are also key support levels
Ethereum has been fluctuating in the range of 1,830 - 1,730 for the past three days
The upper resistance level is the daily MA60 moving average at 1,880
If the price can stabilize above the 4-hour MA256 moving average at 1,780
There is a short-term possibility to challenge 1,880
Saturday's market is estimated to be stable, with Bitcoin trading high and low in the range of 94,000 - 95,500;
Ethereum can be traded back and forth in the range of 1,780 - 1,810. Wishing everyone a profitable weekend!