Market Analysis and Trading Suggestions

Currently, the market is deeply trapped in wide fluctuations, and this repeated trend has led to aesthetic fatigue. Based on past experience, trading high on highs and low on lows is generally reliable.

On the 4-hour level, the K-line oscillates with a strong bias around the short-term moving averages. In the MA system, the 5-day and 10-day moving averages are arranged in a bullish manner, providing support for price upward movement, with the bulls currently holding the upper hand in the short term.

At this moment, the price is near the support level, with the middle band of the Bollinger Bands providing strong support, and the opening is gradually narrowing, indicating that the market is about to choose a direction.

The KDJ indicator shows that the J value has turned upwards from the oversold zone, forming a golden cross, which alleviates the oversold condition, strengthens the bulls, and indicates that the downward adjustment space for the price is limited, with a short-term tendency to rebound.

Today, pay close attention to the changes in bullish and bearish forces, and observe whether the price will reclaim after a pullback or accelerate downward.

If it goes lower, it will not only break the upward trend, leading to a short-term decline, but may also cause the technical indicators to turn, such as the destruction of the MA bullish arrangement and the KDJ entering the overbought zone;

If it stabilizes and rises, the bulls will continue to gather strength for a higher position.

Trading Strategy

Bitcoin: Buy at 94,200, Stop Loss at 800, Target 96,000;

Ethereum: Buy at 3,395, Stop Loss at 40, Target 3,455.

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