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BTC Market Analysis
As expected by Coin Brother, the daily price of Bitcoin has found support around 68500 and started to rise, currently stabilizing above 70500. This market trend is quite confusing, but Coin Brother can tell you that the bullish trend suggests blindly adjusting long positions. After the reversal of the MACD energy column on the daily chart, the price started to oscillate at high levels, indicating that the bottom support at 68000 on the daily chart is not significantly high. This also means that there is not much chasing high sentiment among retail investors, leading to an increasing infatuation with the bearish trend. Coin Brother suggests that everyone should abandon this mistaken idea and not blindly set up short positions in a bull market.
The four-hour bullish flag pattern for BTC has emerged, and it's only a matter of time before the previous high of 71500 is broken. The MACD indicator on the chart is generally in a bearish volume state, with the KDJ showing an upward golden cross. After BOLL started to contract, the support moved to around 69800. On the hourly chart, a breakthrough of 70300 formed a short-term level of support and resistance interchange, so it is recommended to pay attention to setting up long positions in the range of 69800-69300 during a pullback. Ethereum completed the W double bottom support at the hourly level within the day, and the price broke through 3580, once again challenging this key level. The key to changing the weak trend on the daily chart is whether it can break through and stabilize. If the attempt fails, the price will continue to retreat to find support, so it is prudent to focus on the top and bottom conversion support at 3530 on the four-hour candlestick, which is the way with the highest risk-reward ratio.
BTC Trading Suggestions
Long at 69800-69300, target 71500-71800
ETH Trading Suggestions
Long at 3550-3500, target 3650-3680
Suggestions are for reference only, take profits at your own discretion.
Strength is not just talk on paper, nor boasting about profits. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no unprofitable market conditions, only orders that cannot hold profits. When others are making profits and you are at a loss, you might as well chat with Coin Brother from the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following. As long as you are willing, I will not disappoint!
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