The recent market has been in a high and volatile pattern most of the time. When the market fluctuates, using high selling and buying low between boxes is the basic method to make stable profits. From the perspective of technical structure, the four-hour level space is oscillating at the end of the triangle, and the market has repeated long and short trends, but there is no continuity.
MACD bulls are running double lines in a golden cross state, and are expected to test the upper resistance area again. The daily K-line has closed the upper shadow line many times, showing strong suppression from above, but the decline is limited, the long and short competition is fierce, and there is a need for adjustment in the short term. The market outlook may choose to rise again. Therefore, it is recommended to focus on long-term short-term thinking during the day.
The fluctuation range of the pie and Ethereum is as follows:
Big pie: fluctuating between 2000-2500 points
Ethereum: Fluctuating between 150-200 pips
We maintain the high-altitude, low-long thinking approach. At present, the market has not formed an effective breakthrough at the first-line support of 50500-50800, and it is difficult for the market to achieve an effective decline. Ethereum has no ready breakout level at 2880, and it is also difficult to break below. Before there is a breakthrough, we maintain the strategy of going long at a low level.
Suggestions for evening operations are as follows:
BTC: More than 50800-50500, defense 300, target 51800-52200.
ETH: More than 2920-2900, defense 30, target 2990-3020.
