Yesterday, Big Bing and Ether took a round of upward momentum. Ether reached a high of 2742, and Big Bing topped at 85,200. This is basically consistent with the expectations I shared with everyone during the big live broadcast yesterday at noon. Viewpoints:
1. On the daily timeframe, although there has been a downward move, it has not broken through an important level. Also, the efforts of the bulls have been only minimal, so this is in a stage of balanced back-and-forth resistance.
2. On the 4-hour timeframe: if today cannot effectively break down below 2660, then there is a very high likelihood that it will trigger a “zero-reset” upward move on the 4-hour timeframe.
3. On the 1-hour timeframe: there are signs of the early formation of a “higher-high and lower-low” structure. Be cautious to prevent the price from suddenly dropping sharply downward.
Trading plan:
1. Currently, price is consolidating in box #2. Maintain the standard for a “higher-high to lower-low” style of trading (2740-2650). Overall, the bias is bullish. Even though the 1-hour timeframe shows a higher-high and lower-low pattern, the daily timeframe is still in an upward structure.
2. Pay attention to the sharp rally in Ether and Big Bing. In this round, Ether’s target is 3000. If it can reach above 2900, then you should start gradually going long while closing shorts. #btc #ETH
1. On the daily timeframe, although there has been a downward move, it has not broken through an important level. Also, the efforts of the bulls have been only minimal, so this is in a stage of balanced back-and-forth resistance.
2. On the 4-hour timeframe: if today cannot effectively break down below 2660, then there is a very high likelihood that it will trigger a “zero-reset” upward move on the 4-hour timeframe.
3. On the 1-hour timeframe: there are signs of the early formation of a “higher-high and lower-low” structure. Be cautious to prevent the price from suddenly dropping sharply downward.
Trading plan:
1. Currently, price is consolidating in box #2. Maintain the standard for a “higher-high to lower-low” style of trading (2740-2650). Overall, the bias is bullish. Even though the 1-hour timeframe shows a higher-high and lower-low pattern, the daily timeframe is still in an upward structure.
2. Pay attention to the sharp rally in Ether and Big Bing. In this round, Ether’s target is 3000. If it can reach above 2900, then you should start gradually going long while closing shorts. #btc #ETH