Trading Philosophy: Look at the trend in the long term, find points in the short term;
Technical Analysis: In terms of Bitcoin, a small bullish K line has formed on the daily level, the Bollinger Bands continue to open upwards, the MACD moving average is starting to rise, bullish volume is decreasing, and the KDJ line is also beginning to rise. On the 4-hour level, the Bollinger Bands are slowly opening, the market has been consolidating at a high level, the MACD moving average is gently rising, bullish volume is starting to slightly increase, and the KDJ line is also rising;
In terms of Ethereum, a bearish K line has formed on the daily level, the Bollinger Bands continue to open upwards, the MACD moving average continues to decline, bearish volume is starting to increase, and the KDJ line continues to decline. On the 4-hour level, the Bollinger Bands are starting to flatten, the MACD moving average is running parallel, bearish volume is slightly increasing, and the KDJ line is declining;
In summary, the overall trend of the market is still strong, mainly dominated by range-bound fluctuations. Bitcoin is gradually too high, while Ethereum is fluctuating sideways. It is recommended to continue high selling and low buying and to follow the trend after breaking out of the range! The high sell-low buy strategy laid out yesterday seems a bit conservative, and the defensive position for Bitcoin shorts has been swept. Adjustments can be made going forward!
Trading Suggestion: High selling and low buying!
Short Bitcoin in the 93300-93800 range, target 92000-91000, with a stop loss at 94500;
Long in the 91000-91500 range, target 92500-93500, with a stop loss at 90500;
Short Ethereum in the 3180-3210 range, target 3100-3050, with a stop loss at 3230;
Long in the 3040-3070 range, target 3120-3200, with a stop loss at 3000;
