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Trading philosophy: look for trends in the large cycle, find entry points in the small cycle;
Technical Analysis: Regarding Bitcoin, the daily level closed with a bullish K near 109200, the Bollinger Bands are starting to contract downwards, the MACD moving averages are beginning to flatten and trend downwards, bearish volume is starting to decrease, and the KDJ is starting to rise. At the 4-hour level, the Bollinger Bands are starting to open upwards, the MACD moving averages are beginning to trend upwards, bullish volume is starting to increase, and the KDJ line is starting to rise.
On the Ethereum side, the daily candlestick closed bearish around 4310, the Bollinger Bands continue to operate flat, the MACD moving average continues to decline, bearish volume continues to increase, and the KDJ line has started to flatten and move upwards. On the 4-hour chart, the Bollinger Bands have begun to operate flat, the MACD moving average has started to flatten and move upwards, bullish volume is beginning to appear, and the KDJ line has started to move upwards.
The market is rebounding after two tests yesterday. Although the short position set yesterday reached the stop-loss level, the subsequent decline confirmed the correct direction. The entry point seems a bit aggressive, so it is recommended to go long in the short term to take advantage of the rebound!
Operation suggestion: Go long at low positions!
Long Bitcoin at 109000-109500, target 111000-112000, stop loss at 108000;
Long Ethereum at 4340-4370, target 4450-4550, defend 4290;
Strategies are time-sensitive and are subject to private real-time guidance! #Gate 新上线 WLFI# #九月份加密市场能否突破# #今日你看涨还是看跌?#