Yesterday, A Chen reminded Do Dan along the way, in the evening, it rose to 97200, just breaking through the stop loss point of 97000 given by A. It is currently consolidating and correcting around 96000.
The four-hour K-line has returned to the high position of the EMA trend indicator, and the U-shaped pattern indicator has become more obvious. The excessive high point is at 98000, with defense at 99000. MACD has shown an increase in volume, and DIF and DEA have formed a golden cross. The upper pressure level of the Bollinger Bands is referenced at 99,000, and KDJ is expanding upwards, about to enter overbought territory. Without entering an extreme market situation, the bulls still dominate, so the suggested strategy is to buy on dips at support, as the larger trend is bullish. For short-term trades, use support points as entry points for long positions, remaining cautious and not shorting. For aggressive traders wanting to short, it is advised to set stop-loss levels to avoid holding losing positions.
Short-term strategy reference:
Above around 96600, cautious at 97300, allowing for a 700-point move, target at 95000, breaking down to look at 94000.
Below around 95000, cautious at 94500, allowing for a 700-point move, target at 96500, breaking up to look at 97500#BTC☀ #ETH🔥🔥🔥🔥 .