In the rapidly changing world of encryption currencies, making quick decisions is crucial. When faced with potential losses, many tend to evade or deny their judgment errors. However, true wisdom lies in the ability to confront mistakes; they understand that errors are the cornerstone of growth, and only by facing and analyzing mistakes can one learn lessons and avoid repeating them.
Recently, the Bitcoin market has shown a significant rebound trend. Late last night, after the Bitcoin price hit a low of $99,547, it experienced a strong surge, reaching a morning high of $106,050. Ethereum also displayed a similar trend, rising from a low of $2,190 to a morning high of $2,424.
From the analysis of the four-hour chart, the market has shown three consecutive bullish candles after a slight pullback, with prices rising to the upper Bollinger Band. However, the upper Bollinger Band has clearly formed strong resistance, hindering further price increases. A long upper shadow is present above the bullish candle body, indicating that the bullish momentum is gradually weakening under the pressure from above.
Observing the hourly level trend, the market presents a strong unilateral upward trend, with prices breaking through the upper Bollinger Band. However, the upward trend has slowed down, and the KDJ indicator shows signs of turning downward after all three lines enter the overbought zone, indicating a potential pullback in the short term.
Given the current market conditions, investors may consider adopting a short strategy when the Bitcoin price approaches $106,000, with a target price set around $103,500. For Ethereum, a short position could be considered near $2,450, with a target price around $2,350.
However, investors should bear in mind that the encryption currency market is highly risky and prices are subject to significant fluctuations. Before making any investment decisions, it is essential to conduct thorough market research and risk assessments. At the same time, maintaining a rational and flexible trading mindset, and adjusting strategies according to market changes at any time is crucial for achieving success in this market filled with opportunities and challenges.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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MeaninglessGwei
· 22h ago
Borrowed money All in.
Reply0
BanklessAtHeart
· 22h ago
play people for suckers and then it's all good
Reply0
AirdropNinja
· 22h ago
Just do one order at a time, as long as you don't lose.
In the rapidly changing world of encryption currencies, making quick decisions is crucial. When faced with potential losses, many tend to evade or deny their judgment errors. However, true wisdom lies in the ability to confront mistakes; they understand that errors are the cornerstone of growth, and only by facing and analyzing mistakes can one learn lessons and avoid repeating them.
Recently, the Bitcoin market has shown a significant rebound trend. Late last night, after the Bitcoin price hit a low of $99,547, it experienced a strong surge, reaching a morning high of $106,050. Ethereum also displayed a similar trend, rising from a low of $2,190 to a morning high of $2,424.
From the analysis of the four-hour chart, the market has shown three consecutive bullish candles after a slight pullback, with prices rising to the upper Bollinger Band. However, the upper Bollinger Band has clearly formed strong resistance, hindering further price increases. A long upper shadow is present above the bullish candle body, indicating that the bullish momentum is gradually weakening under the pressure from above.
Observing the hourly level trend, the market presents a strong unilateral upward trend, with prices breaking through the upper Bollinger Band. However, the upward trend has slowed down, and the KDJ indicator shows signs of turning downward after all three lines enter the overbought zone, indicating a potential pullback in the short term.
Given the current market conditions, investors may consider adopting a short strategy when the Bitcoin price approaches $106,000, with a target price set around $103,500. For Ethereum, a short position could be considered near $2,450, with a target price around $2,350.
However, investors should bear in mind that the encryption currency market is highly risky and prices are subject to significant fluctuations. Before making any investment decisions, it is essential to conduct thorough market research and risk assessments. At the same time, maintaining a rational and flexible trading mindset, and adjusting strategies according to market changes at any time is crucial for achieving success in this market filled with opportunities and challenges.