Hello everyone, I am Yiwen. The market conditions every day are unpredictable, rising and falling. There are too many beautiful leaps that always pass by us. This is the charm of this market. Passion is about repetition. Keeping the clarity in your heart becomes a kind of demeanor, quiet and far-reaching, calm and relaxed.
The market is still in a volatile range. Due to the closure of the U.S. stock market over the weekend, the market fluctuated by 200 points. We have not found a suitable entry opportunity, and there are no signs of much change in the overall trend. The market has been oscillating around 28,000.
From the four-hour technical structure, the Bollinger Bands is in a closing state, and the currency price is also fluctuating above the middle track. Although the false needles pierced the middle track several times, they were not effectively continued. The KDJ three lines formed a golden cross and diverged upward, and the MACD short energy volume gradually weakened. Combined with the market, the overall downward trend is not large.
In the future market, the focus is still on the upper pressure of 28300 and the lower support integer level of 27000. The idea of going long is still the main strategy during the day.
Monday morning trading suggestions:
BTC: 27700-27500 range, target 28000-28300, defense 27200
ETH: 1620-1615 range, target 1650-1670, defense 1590
