9.9 BTC, ETH Evening Strategy: The market gradually bottomed out, and a bullish trend has formed
It can be clearly seen from the intraday trend that Bitcoin has begun to bottom out and formed a double bottom pattern, a very classic low-low-high structure. The current support below the trend line is around 54200, which is also a long position. This also corresponds to the end of the C wave, and a big reversal is about to occur. With the increase in expectations of interest rate cuts, the market will buy on dips in the future
From the 4-hour chart of Bitcoin, the last time it stepped back on the lifeline to confirm the bulls was at 53600. Combined with the intraday trend, MACD closed the empty column continuously and was strongly bullish. The OBV indicator crossover direction is unclear. It depends on the closing situation at 00:00. If it crosses upward, it is strongly bullish. The hourly line has also gone out of divergence, so the general direction is bullish. The highest point above the trend chart can be seen at 56500. Go long after the next retracement
BTC Evening Strategy: 53900-54400 to do more, and the target is around 56500!
ETH evening strategy: long at 2255-2275, target around 2355!
