Lao Lin's prediction is accurate again! Although the daily chart shows a trend of continuous rebound, Lao Lin insists on the strategy of steady rebound shorting before the long-short trend is truly broken. At present, the daily price has bottomed out at 64,000 and has begun to show signs of shock absorption. The top-bottom conversion suppression line formed at a high level is initially set at around 65,000, so we will pay attention to the opportunity of light positions to ambush short orders near this line. At the same time, the high-level short points are also worth paying attention to. It is recommended to pay attention to the 67,000 line.
On the four-hour chart, the price has clearly entered a downward channel. The short-term suppression is at 64,800. Only by successfully breaking through this line can we consider breaking through the short-term 65,800 line of the reversal suppression. On the one-hour chart, the three lines of the Bollinger band open downward, showing that the price rebound is not strong after hitting the bottom, and the MACD indicator continues to show short closing volume. The upper suppression is around 65,300. Overall, the subsequent market may see a situation of shock upward repair.
To sum up, it is recommended to continue to pay attention to the opportunities for shorting Bitcoin in the subsequent rebound, but also pay close attention to market changes and adjust strategies at any time to deal with possible risks.
Ethereum's daily rise is still insufficient. Lao Lin firmly maintains his previous views and focuses on the short-selling at the 3300 level. In the past month, Ethereum has not shown an independent market trend, so we still believe that Ethereum is suitable for rebounding and shorting. On the short-term four-hour chart, the price has entered the Bollinger down channel, and the high pressure is still concentrated around the 3200 integer mark. Although the price of the currency has risen after testing the top and bottom conversion support at the 3100 level, Lao Lin does not recommend chasing long operations, but recommends paying attention to high-level suppression.
On the one-hour chart, 3218 has become a strong resistance level for Ethereum to rise, so we need to pay close attention to its subsequent movements. But it is worth noting that Ethereum currently seems to lack independent market performance, so we still recommend focusing on whether Bitcoin can break through the 65,000 line. Based on the above suggestions, we believe that Ethereum is suitable for rebound shorting as the main strategy during the day.
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