The Bitcoin market has been quite strong for the bulls these past few days, with a slow upward trend in the market. Currently, it has reached a high point near 111000, touching the middle band of the Bollinger Bands. However, it's difficult to stabilize at the middle band position, and the bears are starting to gain strength. Currently, the MA moving averages are also trending downward, the KDJ indicator for the bulls is opening downward, and the MACD bearish trend is also increasing. Looking at the daytime, the middle band position is unstable, and the market is likely to experience another drop, so it is suggested to take a short position first.
Bitcoin (BTC) Direction: Short Position Current Price: 111300~111600 Take Profit: 110500~110000 Stop Loss: 112000
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After the Bitcoin market reached a historical high around 122300, the price began to fluctuate downwards, currently touching around 118000, which is near the lower Bollinger Band. The overall market is forming a stabilizing bottom trend. The KDJ indicator has reached the bottom position. If this wave of fluctuations continues, there is a high probability of upward space after a pullback. Therefore, it is recommended to operate on long positions at lower points.
Bitcoin (BTC) Direction: Long Position Current Price: 118000~117700 Take Profit: 118900~119300 Stop Loss: 117200
As an 8-year veteran in trading, skilled in various operational techniques, and accurately grasping highs and lows to break even, I can guide you confidently. Trading has no difficulties, and everyone is welcome to communicate.
Ethereum's market in the morning touched around 2680, then the market began to decline, reaching a low near 2523, after which the market began to recover and rise, reaching the current high point of 2570. The overall market's bottom retest has been completed, and the bullish trend is becoming clearer overall. The KDJ bull is starting to open upwards, and the MACD red momentum is also increasing, so it is suggested that everyone can continue to operate long positions on the retest.
Ethereum (ETH) Direction: Long position Current price: 2530~2510 Take profit: 2590~2640 Stop loss: 2480
An 8-year veteran trader, skilled in various operational techniques, accurately grasping the highs and lows to relieve positions, steadily navigating for you; trading is not a challenge. Everyone is welcome to communicate.