Trading philosophy: Look at the trend in large cycles, and find points in small cycles;
Market review: Yesterday, the market fluctuated and fell back after breaking through a new high. The lowest was around 43300 for Bitcoin. Then it started to fluctuate upward again around Ethereum 2230. After touching the 44300-2285 line, it fluctuated again and fell back to consolidate. Yesterday’s strategy of going long after the pullback was laid out It was also very rewarding again!
Technical analysis: In terms of Bitcoin, the daily level closed Xiaoyin K above 43700, the Bollinger Bands continued to open, the MACD moving average continued to run upwards, the bulls were able to increase their volume, and the 4-hour level showed an obvious horizontal parallel posture, with a horizontal trend. In the downward trend, the Bollinger Bands closed and moved, the MACD moving average and KDJ line began to move downward, and the short position energy began to appear;
In terms of Ethereum, the daily level closes at K near 2230, the Bollinger Bands continue to open, the MACD moving average begins to move upward gently, the bull volume continues to increase, the KDJ line runs smoothly, the 4-hour Bollinger Band closes, and the MACD moving average And the KDJ line continues to run downward, and the short position can be increased;
To sum up, the market is still generally dominated by bulls. In the short term, it has once again entered a state of shock and consolidation. At this time, there is a demand for a correction. If you are aggressive, you can go short with a small position. If you are prudent, you should wait for the correction to go long!
Radical action suggestions:
Bitcoin is short in the 44200-44500 area, targeting 43500-43000, and defending 44700!
Ethereum is short in the 2280-2300 area, targeting 2240-2200, and defending 2320!
For stable operation, it is recommended to lurk long orders in the target range of short orders, and then look back at the entry position of short orders!
The strategy is time-sensitive, and the specifics are subject to private real-time guidance!
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