Bitcoin bulls remain strong! Can Ethereum hold 4100?

The year is not far, everything is going smoothly, time is calm, the years are safe, and the Laba Festival is approaching.

Yesterday, Jiuling provided a long position at 99000, which was accurately triggered again. Last night, it was reminded that any point below 100000 could be a long. Many positions were also entered above 990 before the US stock market opened, and the upward trend continued after the opening. Whether short-term or swing trading, the favorable space is very ideal, with a maximum rebound to 102400. I was busy with real trading last night and couldn't respond to community fans in time. I hope everyone can understand!

Currently, looking at the daily level of Bitcoin, it has turned from seven consecutive rising candles to a bearish one. The Bollinger Bands are in a converging shape. The four-hour chart of Bitcoin still shows a large bullish candle at the bottom, strongly stopping the downtrend, while the K-line has a lower shadow. This is a typical display of stubborn bulls. The K-line retreat is merely a pullback, and the bullish pattern has not changed. The support line is still around 100000, and the bullish arrangement of moving averages continues, with a continued outlook for oscillation and upward movement!

Therefore, we still focus on entering long positions around 101000, and if it retraces to 100000 without breaking, we can add more. First, pay attention to the high point of 102400, and if that high is broken, we can look at 103500. Regardless of position size, be sure to manage risks!

Focus on the Jiuling trading system, like and follow #加密市场反弹 .