Sunday, since yesterday morning, the strategy has been focused on the low volatility range, and throughout the day the currency price has been fluctuating and rising steadily. In the ten levels, the main layout is also focused on the low volatility strategy. Bitcoin has gained over 2500 points in total, while Ethereum's movement is slightly slower, only achieving around 90 points. Currently, Bitcoin is fluctuating upwards, maintaining a firm strategy at midnight! More pullbacks are still needed!
As the weekend comes to an end, Bitcoin's market has also moved out of the fluctuating range as expected, with continuous upward movements in the evening. Up to now, there has basically been no significant pullback action, and the bullish trend is evident. From the recent movements, it is clear that the low points of pullbacks are rising, while the high points of rebounds keep increasing, so there is no reason to short at this time! The whole world knows that Bitcoin will drop, but no one knows when it will drop. Instead of guessing the top, why not go long when it pulls back? In a bull market, occasionally being stopped out while going long is really nothing, but being stubbornly short all the way and getting liquidated is truly a bit sad. The fact that indicators are severely overbought is undeniable, and there’s no need to elaborate on this. Being bullish and not chasing the market is to prevent unexpected pullback risks. With the continuous closing of green candles on the daily chart, the short-term 4-hour chart is gradually forming support at the previous pressure level of 102000. For the midnight strategy, if it pulls back and confirms that the support holds, we will still treat it with a low volatility strategy.
As for Ethereum, it remains in a lukewarm state, and up to now, it has not formed an effective breakthrough. However, the trend structure on the daily chart has not changed, maintaining a bullish formation. The short-term pressure at the 4000 mark will soon be broken again. With the Fed's interest rate cuts approaching, the market is likely to digest this good news in advance. The recent days of fluctuating consolidation may be waiting for this news to break through. In terms of strategy, continue to participate in the main low volatility.
On Sunday midnight, Bitcoin pulled back to the 102000 level to continue being long, aiming for the high point in the 104000-104600 area. Ethereum continues to reference the 3800 line of support for buying on dips, targeting the 4000 mark, and then the previous high point at the 4100 line. Personally, I believe that at the beginning of this week, there is a high probability that the currency price will test the previous high point resistance again, so in the short term, buying on dips is more prudent! #纳斯达克100指数宣布纳入微策略 #BTC重回关键位置后走势