Good morning, everyone. I am Yiwen. The grass will fall in the direction the wind blows. Many people think they are the wind, but sometimes they find themselves powerless and become like grass. When investing, never let the little troubles affect your smile when looking at the future. Even if I am the sun, there are places I cannot shine. Gambling is not a blind bet, but a combination of emotional intelligence and IQ.
Yesterday, the overall market fluctuated within a small range, and the currency price fluctuated back and forth in the 27200-27600 area. It fell to a low of around 27100 at 4 a.m. overnight and began to rise. Today's market fluctuated upward all day long, and our bullish thinking yesterday remains unchanged.
Back to the current market, from the 4-hour technical structure, we can see that the Bollinger Bands are shrinking. After the market reached its high point, it did not stabilize effectively and formed a downward trend. A wave of pull-ups in the early morning broke the previous range shocks. The current market is running above the middle track, the MACD short-selling ability is gradually shrinking, and the KDJ three lines are diverging and running upward. From the overall point of view, the upward trend of the currency price is still very strong.
For the operation in the future market, the focus on the lower side is still on the 27000 mark, and the upper support is on the 28200 line. The market will still run around the range in the short term. If it falls back and does not break the 27000 integer mark, the overall bullish idea remains unchanged.
Thursday morning trading suggestions:
BTC: 27600-27500 range, target 28000-28200, defense 27200
ETH: 1645-1640 range, target 1670-1685, defense 1625
If you are still in a period of confusion and don’t know what to do, you might as well communicate with Yiwen. Perhaps an unexpected look back can give you some enlightenment and help you get out of the predicament.
