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📖 Day 1 · Quiz (Single Choic
The market has indeed been a bit sluggish. With yesterday's fluctuations, today's slight oscillation seems a bit dull. However, since there is a rise in the market, there will definitely be a fall as well. Therefore, sideways fluctuations are also unavoidable. Today we are in a sideways repair trend. Although the fluctuations are not significant, we still maintain a positive and optimistic attitude. In the current market situation, it is most suitable to adopt short-term operation strategies for maneuvering layout. The early morning short position also perfectly captured over 1500 points of space, while Ether captured over 112 points of space. The overall strength space is also very considerable. For our students who had losses earlier, recovering losses is also quite good. As long as there are no major changes in the current trend, our bullish outlook and going long strategy do not require significant adjustments.
From the current market structure, the short-term is in a sideways fluctuation, stabilizing between the upper and middle Bollinger Bands. The short-term movement is characterized by breaking previous highs step by step, making the overall trend quite torturous. After yesterday's surge, the market has once again fallen into a fluctuation trend, and neither bulls nor bears have effectively continued. However, in the short-term movement, there are mainly small bearish candles retracing, and the retracement action is not sufficient to change the currently strong structure. Although there is a short-term retracement, it has not been extended, and the overall trend is still in a fluctuating upward motion. Similarly, the 4-hour upward channel remains good. After the price retracement, it is also pressured by the upward trend line, which causes the retracement to lack continuation. Given that the short-term market movement is relatively slow, we should still participate by going long at the lower range and short at the higher range.
On Thursday evening, Bitcoin is around: 110500-110000 go long, target focus on 112500
Ethereum: 4380-4360 go long Target focus on 4500