Thursday, Duodansi's strategy once again perfectly realized!
Since the Bitcoin price retraced to the 92700 level yesterday, it has consistently provided Duoduo with a rebound strategy. The overall trend of the day is relatively slow, characterized by a gradual rise in volatility, but the direction has been relatively accurate. In ten trades, Bitcoin has gained over 3000 points, and Ethereum has also provided a space of 88 points. Currently, the market is approaching a resistance level, treating it with the principle of not breaking, not standing!
On the daily chart, Bitcoin has continuously closed in the green, and BOLL is gradually beginning to flatten. Duoduo is still providing a certain rebound strength, and the continuous declines have not led to new lows. The short-term low is fixed at the 91500 level, and after a series of fluctuating declines, it has started a gradual rise, still within the range. In the short-term 4-hour chart, Duoduo is continuously testing upward, with current pressure concentrated around the 98000 level. Tonight, attention will be on its breakout situation; if it breaks and stabilizes, the coin price is expected to reach the 100000 mark again. If it is under pressure, it will continue to enter a fluctuating consolidation rhythm.
Regarding Ethereum, after consecutive fluctuations and rebounds, it just touched the 3500 level before retreating under pressure. The pressure above is still obvious. In the short term, it will continue to maintain a fluctuating consolidation rhythm, but the retracement lows are gradually rising. Tonight's strategy is a short position without expecting a significant pullback, and then re-entering.
Thursday midnight, consider shorting Bitcoin at 98000 first, looking for a retracement to the 95000 level, and then re-entering! For Ethereum, continue to consider the 3500 resistance level and short at the highs first, looking for a retracement to the 3350-3380 area, and then re-entering!
