Good morning, friends. I am Lao Meng. The bulls made a strong push in the early morning, and Bitcoin has returned to $99,000 in just one trading day, with a one-sided increase of 4,500 points. During the trading session, Lao Meng made a bullish layout and successfully captured nearly 4,000 points, truly eating a fish from head to tail. The bull market has always been there; it just turned around for a moment. Remember, follow the trend. Today, continue to go long and look bullish.
From a technical structure perspective, the hourly chart's K-line has directly run to the upper band of the Bollinger Bands, with the bullish candles showing a stair-step upward pattern, reaching the key level of $99,000, with the lowest point at $97,400. It still shows a hesitant pattern, predicting that there will be a retracement during the day. Pay attention to the support point at $97,400; Ethereum's trend aligns with Bitcoin, looking at a support level of $3,760.
Intraday strategy recommendation:
Bitcoin: Go long around $98,000, targeting $95,000. If it doesn't break, then look to reverse and short.
Ethereum: Go long around $3,780, targeting $3,900. If it doesn't break, then look to reverse and short again.
Don't fear a long journey, only fear a short ambition; don't fear slow progress, only fear standing still. Every step counts. Keep going, stranger. Follow Meng Ge. If your trading isn't ideal, you can walk with the light! #下一个换谁涨?