Trading Philosophy: Look at the trend in the long term, find entry points in the short term;
Technical Analysis: For Bitcoin, the daily level shows a bullish pin bar, the Bollinger Bands continue to open slightly downward, the MACD moving average continues to move downward, bearish volume continues to increase, and the KDJ line begins to run flat. At the 4-hour level, the Bollinger Bands begin to narrow, the market rebounds to the upper band and then faces resistance and falls back, the MACD moving average is moving upward, bullish volume continues to decrease slightly, and the KDJ line shows a downward divergence;
For Ethereum, the daily level has been alternating between bullish and bearish candles for several days, the Bollinger Bands begin to narrow downward, the MACD moving average continues to move downward, bearish volume continues to decrease, and the KDJ line is moving downward. At the 4-hour level, the Bollinger Bands continue to run flat, the MACD moving average is gently moving downward, bearish volume is slightly increasing, and the KDJ line is moving downward;
In summary, the overall market is still in a state of fluctuation. The high-selling and low-buying strategy set up earlier has been very successful. In a fluctuating market, this is how to operate, trying to maximize the profit space. The market has been fluctuating for several days, and the rebound effect is still not ideal. Based on the trend, it is recommended that subsequent operations focus mainly on short positions, as there is still a risk of further decline!
Operation Suggestion: Focus on short positions!
Short Bitcoin in the 94000-94500 area, with a target of 93000-92000 and a stop loss at 95500;
Short Ethereum in the 3370-3400 area, with a target of 3300-3250 and a stop loss at 3460;
