Trading philosophy: Look at the trend in the long term, find the position in the short term;

Technical analysis: Regarding Bitcoin, at the 4-hour time frame, the Bollinger Bands are starting to converge upwards, the MACD moving average is trending upwards, the bullish volume shrinks, and then the bearish volume reappears, followed by another divergence and release of bullish volume. The KDJ line is trending upwards. As for Ethereum, the technical indicators at the 4-hour time frame are basically synchronized with Bitcoin;

In summary, the current market is rebounding after forming the expected double bottom pattern and successfully testing the support again. As mentioned earlier, based on the current closing price, the support for Bitcoin is at 63500-64000, and for Ethereum it is at 2800-2850. These levels have not been broken. It was also mentioned during the previous dip that the current market has reached an important support level. Caution is advised for chasing long positions. It is recommended to wait for a stable position near the support level before entering long positions. If the support level is broken, then follow the trend to chase short positions. The long positions established in the morning are almost at the current price. Long positions can be taken at the 54500-55000 level for Bitcoin, with a target of 55500-56500. The long positions established at the 54500-55000 level for Bitcoin have all exceeded expectations once again!

Reference:

It is expected that the subsequent market will further test the upper resistance levels at 58500-59000 for Bitcoin and 3100-3150 for Ethereum. After breaking through, it is advisable to continue holding long positions and wait for a pullback to enter long positions again!

The strategy is time-sensitive, and specific guidance in real time should be followed privately!

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