1.1 Wednesday, Bitcoin, Ethereum, Trading Thoughts!
The process of realizing dreams is never easy. You have to defeat a lot of confusion, grievances, laziness, and weakness. You must constantly motivate yourself and control that part of you that wants to retreat.
From the 1-hour candlestick chart of Bitcoin, it surged and then fell back last night, reaching a high near the 96300 point level. It then started to decline, moving directly from above the upper Bollinger Band to below the middle Bollinger Band, with a downward trend. The two MACD lines are also moving downward, and bearish momentum is gradually increasing, indicating a bearish trend. The three KDJ lines have crossed downwards, but they are basically close to the bottom, showing a trend of potential upward rebound. However, whether from the 1-hour or 4-hour candlestick charts, the support around the middle band has been broken! The overall trend will continue to test downwards, but the space below is clearly not very large. Therefore, the morning strategy is mainly to long at low prices, and it can also be a short position first before going long.
Wednesday Reference Strategy
Bitcoin, long from 92500 to 93000, targeting 95500
Ethereum, long from 3300 to 3330, targeting 3450
Just say this, the Buddha saves those with fate, I bring those with heart! A rare find, are you the destined one? Am I your lucky god? $BTC $ETH $XRP
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