As a senior figure in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.
The daily K-line of Bitcoin shows significant range fluctuations, with a peak reaching 94040 before publication and a low dipping around 91700. The EMA15 provides short-term support at 91200, while the MACD is expanding upward. The DIF and DEA are in a spreading state below the 0 axis, and the K-line is consolidating within the upward channel of the Bollinger Bands. The upper band at 96150 is the subsequent upward target. The main force's breakthrough of resistance to initiate a northward cycle will still require time, with short-term focus on horizontal consolidation.
The four-hour K-line shows prominent signs of a door pattern, having previously exhibited a door pattern. If it repeats, it may intensify the fluctuations in speculative sentiment. Currently, the K-line is stabilizing at the top of the 92000 trend indicator, with bottom support at 90500. The MACD is reducing in volume, and the DIF and DEA are contracting, making short-term pullbacks a normal trend. The middle band of the Bollinger Bands at 90650 and the lower band at 84500 form a defensive line below. The operational strategy remains focused on low long positions, with no consideration for short positions at this time.
Short-term trading reference for Bitcoin:
Long position layout: Go long in the 91000-91500 range, with a stop-loss at 90500 (500 points stop-loss), targeting first at 92500-93000, and if broken, looking up to 93500-94000;
Short position layout: Go short in the 93500-94000 range, with a stop-loss at 94500 (500 points stop-loss), targeting first at 92500-93000, and if broken, looking down to 91500-92000.
Short-term trading reference for Ethereum:
Short position layout: Go short in the 3200-3250 range, with a stop-loss of 50 points (defense at 3300), targeting first at 3100-3150, and if broken, looking down to 3000-3050;
Long position layout: Go long in the 3050-3100 range, with a stop-loss of 50 points (defense at 3000), targeting first at 3150-3200, and if broken, looking up to 3250-3300.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, and caution is advised when entering the market.
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