Trading Philosophy: Look for trends in the long term, find entry points in the short term;
Technical Analysis: In terms of Bitcoin, the weekly level closed with a bearish candlestick, the Bollinger Bands continue to widen, the MACD moving average is running upwards, bullish volume continues to increase, the KDJ line is running smoothly. The daily level closed with a small bullish candlestick, the Bollinger Bands continue to contract upwards, the MACD moving average continues to run downwards, bearish volume continues to increase, and the KDJ line also starts to run downwards. At the 4-hour level, the Bollinger Bands begin to widen, the market is currently facing resistance and has retraced back to the lower band. The MACD moving average begins to run downwards, bearish volume continues to decrease, and the KDJ line is running downwards.
Regarding Ethereum, the weekly level closed with a large bullish candlestick, the Bollinger Bands continue to widen upwards, the MACD moving average continues to run upwards, bullish volume continues to increase, and the KDJ line is moving upwards. The daily level closed with a doji bullish candlestick, the Bollinger Bands continue to widen upwards, the MACD moving average is running smoothly, bullish volume begins to decrease, and the KDJ line is running downwards. At the 4-hour level, the Bollinger Bands continue to contract upwards, the MACD moving average continues to run downwards, bearish volume is increasing, and the KDJ line is running downwards.
In summary, the market generally encountered resistance after a rise and is expected to retrace to support at Bitcoin 96000, and Ethereum 3650 before rising again. Currently, the support has been broken, and it is recommended to continue shorting to near the next support level!
Trading Suggestion: Aggressively short!
Currently short Bitcoin in the 95300-95800 range, with a target of 94000-93000 and a stop loss at 96500.
Currently short Ethereum in the 3620-3650 range, with a target of 3550-3500 and a stop loss at 3680.
Strategies are time-sensitive, specific guidance should be based on real-time private advice!
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