2.7 Bitcoin and Ethereum Market Trend Analysis and Trading Suggestions!

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1 month ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart shows a small bearish candle around 96500, the Bollinger Bands continue to open downwards, the MACD moving averages continue to trend downwards, bearish volume is starting to decrease, and the KDJ line continues to move downwards gently. On the 4-hour chart, the Bollinger Bands are beginning to contract, the market has been fluctuating up and down recently, currently operating below the middle band of the Bollinger Bands, the MACD moving averages are starting to trend upwards gently, bullish volume is beginning to increase, and the KDJ line is starting to move upwards;

For Ethereum, the daily chart shows a bearish candle around 2685, the Bollinger Bands continue to open downwards, the MACD moving averages continue to trend downwards, bearish volume continues to increase, and the KDJ line is starting to move upwards gently. On the 4-hour chart, the Bollinger Bands are beginning to flatten, the MACD moving averages are starting to trend upwards, bullish volume is beginning to increase slightly, and the KDJ line is starting to move downwards;

In summary, the overall market trend is still leaning towards volatility, the previously set low-position long positions are also around this level, and subsequent precise profit-taking is expected. For short-term trading, it is recommended to continue to go long based on support levels to look for rebounds!

Operation Suggestion: Go long near support levels!

Go long in the Bitcoin 96500-97000 area, target 98500-100000, if broken, look for 102000, with a stop loss at 95000;

Go long in the Ethereum 2680-2710 area, target 2780-2850, if broken, look for 2920, with a stop loss at 2630;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

You can scan the QR code below to follow the WeChat public account for more real-time market updates!

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