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Thursday Latest Bitcoin and Ethereum Strategy
Bitcoin has stabilized and closed with a positive candle after exploring lower on the 4-hour timeframe, effectively halting the previous four-day downtrend. The Bollinger Band lower band support is becoming evident, and the short-term bottom formation is gradually becoming clearer. The 70000 round number level below is a key support.
The KDJ indicator has turned upward from the oversold zone, releasing a short-term rebound signal; MACD histogram continues to shrink in volume, fast and slow lines are converging and about to form a golden cross, resistance momentum is weakening, bullish strength is gradually warming up, technical analysis favors a rebound and correction.
Operation Strategy
Bitcoin: Enter in the 69000-70000 range, target 71500, upside view 73500
Ethereum: Enter in the 2100-2140 range, target 2220, upside view 2320
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