Thursday Afternoon Bitcoin and Ethereum Latest Ideas and Operations



The market won't pity you just because you're losing money, nor will it turn around just because you're fully invested. Luck is the biggest risk, discipline is the strongest armor.

Based on the current market situation: On the daily chart level, the previous correction is a healthy technical pullback and recovery. The daily MACD remains in a bullish crossover state. The bullish volume base continues to accumulate, and the moving average system remains in a bullish alignment without being broken. The long-term upward trend is intact and flawless, with no signs of a trend reversal or breakdown. The pullback is an opportunity for bulls to re-enter. On the four-hour chart level, in the afternoon, prices are consolidating within a key support zone with narrow fluctuations. During the decline, volume continues to decrease, indicating typical exhaustion of bearish momentum. The candlesticks are near the lower Bollinger Band and stabilizing with a rebound, with the middle band support holding strong. The KDJ indicator is turning upward from low levels and about to form a golden cross, indicating the mid-term bullish rhythm is fully under control. In the afternoon, Lao Ma continues to provide long-side trading ideas.

Thursday Night Outlook:
Bitcoin: Consider going long around 70,700, target 72,000
Ethereum: Consider going long around 2,160, target 2,250
BTC1,61%
ETH1,75%
View Original
post-image
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
Add a comment
Add a comment
No comments
  • Pin