Gu Jingci: 2.3 Bitcoin/Ethereum retracement long positions take profit. Currently, the retracement continues to add to long positions.
Last night, Bitcoin/Ethereum at prices of 2280 and 77600 saw a surge to around 79300 and 2395 in the early morning. Shortly after, the prices again rose to 2290 and 77800, pushing longs up to around 79000 and 2355, capturing over 2900 points and 170 points of profit. The white session shows some consolidation with a slight pullback, but it has already eased. The daily chart previously closed with consecutive bearish candles, but yesterday closed with a long lower shadow bullish candle, indicating a slowdown in the downward momentum. The RSI indicator is turning upward from the oversold zone, the four-hour MACD shows increasing momentum, and the stochastic indicator is diverging upward, all suggesting a potential rebound. However, on the hourly chart, the RSI is in the overbought zone, so there may be a slight pullback during the rebound. As mentioned last night, focus on short-term resistance at 2400 and 2550; a breakout could lead to further gains toward 2700 to 2750.
Trading suggestions: Continue to buy long near Bitcoin at 77700 to 78200, with targets around 80000 to 82000; Ethereum at 2290 to 2310, with targets around 2400 to 2450. Medium to long-term outlook remains bullish above 84000 and 2700.
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MagneticFieldWorld
· 3h ago
After several consecutive margin calls and liquidations, my mindset completely collapsed.
Gu Jingci: 2.3 Bitcoin/Ethereum retracement long positions take profit. Currently, the retracement continues to add to long positions.
Last night, Bitcoin/Ethereum at prices of 2280 and 77600 saw a surge to around 79300 and 2395 in the early morning. Shortly after, the prices again rose to 2290 and 77800, pushing longs up to around 79000 and 2355, capturing over 2900 points and 170 points of profit. The white session shows some consolidation with a slight pullback, but it has already eased. The daily chart previously closed with consecutive bearish candles, but yesterday closed with a long lower shadow bullish candle, indicating a slowdown in the downward momentum. The RSI indicator is turning upward from the oversold zone, the four-hour MACD shows increasing momentum, and the stochastic indicator is diverging upward, all suggesting a potential rebound. However, on the hourly chart, the RSI is in the overbought zone, so there may be a slight pullback during the rebound. As mentioned last night, focus on short-term resistance at 2400 and 2550; a breakout could lead to further gains toward 2700 to 2750.
Trading suggestions: Continue to buy long near Bitcoin at 77700 to 78200, with targets around 80000 to 82000; Ethereum at 2290 to 2310, with targets around 2400 to 2450. Medium to long-term outlook remains bullish above 84000 and 2700.
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