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Looking back, Bitcoin has risen from 60000 to now, and there are only a few people who can truly grasp it. Many people run away when they rise a little, panic when they fall a little, and in the end, they don't make any money and their mentality collapses. The transaction ultimately boils down to a game of human nature, where greed and fear cannot be overcome, and even precise analysis is useless. The current oscillation and pullback are just normal fluctuations on the upward trend. Don't pay too much attention to short-term fluctuations, do a good job of risk control, and hold onto positions that you can understand. It's much stronger than blindly following the market every day.
The daily candlestick chart is in the adjustment stage of the northbound trend, with prices under pressure near the previous high point. The daily chart has closed with a cross star, and the divergence between long and short positions has increased. Although the moving average system still shows a northward alignment, the short-term divergence rate is relatively high, and there is a need for retracement and repair. There is significant pressure near the upper limit of the Bollinger Bands, and the MACD red bar continues to contract. There are signs of a turning point in the fast and slow lines, indicating that the northbound momentum is weakening and there is short-term demand for a pullback. Support should focus on the 78000-78500 range.
The 4-hour K-line 82800 has fallen back and is currently in the oscillation range of 80000 to 81500. The EMA15 moving average has begun to level, and the short-term northward trend has slowed down. The MACD green bar continues to shorten, and the fast and slow lines are about to cross, indicating that there is a need for a rebound in the short-term southward momentum depletion. The middle band of the Bollinger Bands provides support around 80200, while the upper band is under pressure around 81500. Short term fluctuations are likely to occur within this range, and the direction of breakthrough needs to be further confirmed. Those who have not yet entered the market should not enter the market, and those who have already moved north at low levels should hold onto it.
Ethereum
The daily candlestick rose slightly by 0.94% and is in a phase of oscillation convergence. At present, it is firmly above the short-term moving averages EMA15 and EMA30, forming initial support. However, the medium - and long-term moving averages EMA60 and EMA90 still show a downward trend, indicating that the overall trend has not yet reversed. In the MACD indicator, DIF continues to approach DEA, the green bar continues to shorten, and the southward momentum is significantly weakened. The opening of the Bollinger Bands continues to narrow, with an upper band of 2381 and a lower band of 2253. The price fluctuation range is compressed, and there is a high probability that it will continue to fluctuate in the short term. It is important to focus on the direction of the interval breakthrough, as breaking through the upper band or falling below the lower band will open up new space.
The four hour candlestick is located in a densely bonded area of multiple EMA moving averages, and the forces of the north and south tend to be balanced. The Bollinger Bands are currently flat, with an upper track of 2354 and a lower track of 2270. Prices fluctuate repeatedly along the middle track, with significant interval fluctuations. The MACD indicator has formed a golden cross, with the red bar continuing to slightly enlarge. In the short term, the northbound strength has strengthened, but the pressure level near 2332 has not been broken in multiple tests, limiting the rebound momentum. The recent low of 2218 has been effectively supported, and the overall trend has not yet shaken off the volatile box. There is a lack of clear trend signals. In this market, holding hands is stronger than anything else. If you don't operate, you won't lose money. Wait until you break the level before moving up.
Operational approach:
Bitcoin 80200 to 79700 heading north, stop loss at 79200, target at 81500 to 82500
Ethereum 2310 to 2315 heading north, stop loss 2290, target at 2350 to 2380, break above 2400
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
