There is no free lunch in the crypto world; only through hard work and wisdom can one reap the fruits of wealth. Yesterday at midnight, the Bitcoin market showed a fluctuating upward trend, with the price rising from a low point of 112582 at midnight to a high point of 113948 in the early morning. The Ethereum market at midnight exhibited a clear range-bound fluctuation, with the price first reaching a high of 3612 at midnight before coming under pressure and falling. In the early morning, the price dipped down to a low of 3546 before quickly recovering to around 3590. The long orders for Bitcoin and Ethereum that we set up at midnight are continuing to profit.


According to the current market situation, the four-hour level shows that the market has rebounded with two consecutive bullish candles after a significant bearish drop. The price has risen close to the middle band of the Bollinger Bands, and the bullish momentum is gradually diverging. Various indicator moving averages are also showing upward reversals. Therefore, the overall trend has entered the bullish rebound recovery phase. From the one-hour level, the market shows a gradual upward trend. Although the bears have provided slight pullbacks during the rise, the retracement strength is not significant. The KDJ indicator's three lines formed a golden cross and continue to extend upward. The MACD indicator's histogram is gradually shrinking below the zero axis. The dual lines of the indicator are turning upward and sticking together, indicating a potential golden cross formation. However, the J value in the KDJ indicator has entered the overbought zone, so we need to pay attention to a potential technical pullback in the short term. Therefore, in our morning operations, we will continue to maintain a low long order strategy.
You can go long near Bitcoin 113500, targeting 115500.
You can go long around Ethereum 3580, with a target of 36800 #Gate ETH 挖矿年化收益 5% #晒出我的Alpha积分 .
BTC1,84%
ETH4,72%
SOL5,61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)