Yesterday's long orders gave another reminder. If the bottom support is not broken, it will give us the opportunity to enter the market with long orders!
Friends who follow the idea of Big Cake can also get more than 1,000 points of profit, nearly 2,000 points! Ether can also get a profit of 100 points! Friends who follow up are eating meat again!
From the current trend, after the four-hour bottoming yesterday, the price of Big Cake still failed to fall below the 67,000 integer mark, and then the price rebounded rapidly. The highest point in the evening came to 69,500 and fell under pressure!
The four-hour level of Ethereum is supported by the integer mark of 3,700 on the lower track of the Bollinger Band. The price rebounded and rose. The highest point came to the MA30 moving average position and fell under pressure. The current price is supported by the MA7-day moving average of 3,760!
From the current trend, Bitcoin and Ethereum did not fall below the bottom support in yesterday's bottoming out. This trend is a continuous oscillation and washing within the range. As we all know, once the spot ETF trading of Ethereum is opened, it will be a long-term positive for Ethereum. For example, after the spot ETF of Bitcoin was approved, the price also rose rapidly, and it reached a historical high with almost no resistance along the way. Before that, Bitcoin also experienced several washes, and Ethereum is currently in such a state!
Then, for such a trend, we don’t have too many points to pay attention to. As long as the bottom support is not broken, it is a brainless long. At present, Bitcoin and Ethereum are supported by the MA7 daily moving average in four hours and the price is slowly rising. Pay attention to the short-term suppression above. Before the market breaks out, we can treat it as a volatile trend!
The short-term suppression above Bitcoin is 68800-69500, and the bottom support is 68200-67200!
The upper suppression of Ethereum is 3794-3830, and the bottom support is 3720-3700!
If the market does not break through, just trade back and forth within the range!
