Bitcoin continues to experience high-level fluctuations and adjustments during the day. After a wave of retracement sentiment in the morning, it began to rebound in the evening. Currently, on the daily chart, the price is consistently running slightly above the MA5 and 10-day moving averages, with minor fluctuations. The middle band of the BOLL and the MA30-day moving average continue to rise, providing bullish momentum. However, there is a slight downward pressure on the upper band, and the MACD is running with reduced volume at the bottom. The indicators are lagging due to market influence, and the daily high resistance is referenced at the 111000-112000 range.
On the 4-hour chart, after the closing in the early morning, the price has slightly risen relying on the MA5 and 10-day moving averages. However, the MA30-day moving average has flattened out. Combining this with the hourly chart, the current trend is leaning towards a slight upward fluctuation. However, the lack of energy leads to a tendency for high-level fluctuations and adjustments. Therefore, my personal view in the early morning is to first go long at a high point and then short at a low point, which seems more prudent.
Trading strategy: Long at 110500, add to the position at 111500. Target: 109500-108500. Stop loss: 112000.
Low short entry point: 108500-108000 range. Target: 110000-111500.
Ethereum's overall trend is basically in sync with Bitcoin. There was a strong rebound during the day, and the price is currently breaking out above the upper band of the 4-hour BOLL. Combining this with the hourly chart, the current indicators are severely overbought. Although the overall trend leans towards upward fluctuations, there is a risk of price retracement. Therefore, my view in the early morning is consistent with Bitcoin: first go long at a high point and then short at a low point.
Trading strategy: Long at 2675 with a light position, add to the position at 2725. Target: 2620-2580. Stop loss: 2740.
Low short entry point: 2580-2550 range. You can try to short here. Target: 2660-2700.
For the short-term trend, this should be sufficient, and I will continue to follow up later.
This is just my personal opinion for reference. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!
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