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Trading philosophy: Look at the trend in large cycles, and find points in small cycles;
Market review: The current market still maintains a sideways pattern, and the range is basically the same as that given in the previous post, Ethereum 1620-1640, Bitcoin 25500-26000, short orders at the high range also have some room to make profits, and continue to enter the market after short-term profits can be made;
Technical analysis: Regarding Bitcoin, from the daily level, there are signs of the Bollinger Bands opening, the MACD moving average is running upward gently, the bullish volume is very weak, the KDJ line is running downward, and the pressure level of 26000 is still under pressure after being tested above the 26000 line. At the 4 hour line level, the Bollinger Bands are running parallel, the MACD moving average is running gently upward, the bullish volume is also very weak, and the KDJ line is running downward;
In terms of Ethereum, the technical indicators at the daily line level and the 4-hour line level are basically in sync with Bitcoin, and they are still under pressure after touching the 1640 line;
To sum up, the market currently continues to trade sideways, but the upward pressure has never been able to break through, so you can first rely on shorting near the pressure level;
Operation suggestions:
Bitcoin is short in the 25800-26000 area, targeting 25300-25000, and defending 26200!
Ethereum 1630-1640 area short, target 1600-1580, defense 1660!
The strategy is time-sensitive, and the specifics are subject to private real-time guidance! #Bitcoin# #Ethereum#