Continuous sideways fluctuations, how should we choose between long and short!
After the short-term bottoming out in the early stage, the market rose again yesterday. This time, the bulls also gave a new range of heights, and then consolidated again. The current price of Bitcoin is above 64,000, and Ethereum is at 2,760.
Back to today's market, the daily line, after a long period of sideways trading, the Bollinger Bands have shown signs of opening upward again. In 4 hours, after a wave of bullish surges, the market has been adjusted and consolidated again. There is still room for upward breakthrough in the intraday market. In 1 hour, the K line runs above the lower track, the KDJ three lines show signs of turning upward, and the MACD bearish momentum is insufficient. Considering the overall situation, it is safer to take more at the bottom of the market!
BTC: 63500-63900 near multiple targets 64500-64800 risk control: 63000
ETH: 2720-2750 near multiple targets 2830-2850 risk control: 2710
Make orders and control positions reasonably, and do not operate with heavy or full positions. Investment and financial management is not a matter of one day or one night. The losses in the early stage do not mean the losses in the later stage, and the profits in the early stage do not mean the profits in the later stage. Therefore, friends who lose money should not be discouraged, and friends who make profits should not be complacent, so that they can invest rationally with a calm mind. Teacher Zhang will give accurate analysis and reasonable suggestions to help friends in difficulties solve problems and friends in good times to achieve better results. I hope my analysis eth8986 will be like a lighthouse, guiding you in the vast cryptocurrency market.
