Easy Concept: Look at trends in the long term, find points in the short term;
Technical Analysis: In terms of Bitcoin, there are two consecutive bearish candles on the daily chart, the Bollinger Bands continue to narrow upward, the MACD moving average continues to move downward, bearish volume continues to increase, and the KDJ line continues to flatten and move upward. On the 4-hour chart, the Bollinger Bands begin to narrow downward, the market has currently rebounded above the middle band of the Bollinger Bands, the MACD moving average begins to move upward, bullish volume starts to increase, and the KDJ line is moving upward;
In terms of Ethereum, on the daily chart, there is an alternating pattern of bullish and bearish candles, and the rebound strength after hitting the bottom is relatively strong, having broken the new high around 3577. The Bollinger Bands begin to open upward, the MACD moving average starts to move upward, bullish volume continues to increase, and the KDJ line is moving upward. On the 4-hour chart, the Bollinger Bands also start to open, the MACD moving average begins to move upward, bullish volume is increasing, and the KDJ line is moving upward;
In summary, the overall downward trend of the market has temporarily come to an end. After an expected continuation of the downward movement in the morning, the market hit the bottom and rebounded. The low-long strategy given in the evening was verified again, and all target levels for long positions at 96000-3550 have been reached. Short-term stable profit-taking is advised, and after aggressive reduction of positions, continue to hold and observe. All the previous statements can be verified!
Operation Suggestion: Continue to buy on dips!
Long positions in Bitcoin in the 94200-94700 area, target 96000-97500, with a stop loss at 93500;
Long positions in Ethereum in the 3470-3500 area, target 3550-3600, with a stop loss at 3430;
