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Trading philosophy: look at the trend in a large cycle, and find a point in a small cycle;
Market review: Yesterday, the market fell first and then rose. With the pins inserted up and down, Bitcoin tested the lower support line of 25300 and then went up to the 26000 line again before falling back. Ethereum tested the lower support line of 1600 and then went up to the 1640 line again and then fell back. The needle reached around 1680, but it was a washout. In the past few days, the strategy of short selling near the upper pressure level has basically achieved the first expected goal;
Technical analysis: Regarding Bitcoin, from the daily level, there are signs of the Bollinger Bands opening, the MACD moving average is running upwards gently, the bull volume is still very weak, the KDJ line is running parallel, and the pressure level of 26000 is still under pressure after being tested above the line. At the 4 hour line level, the Bollinger Bands are running parallel, the MACD moving average is running upward gently, the bull volume can gradually increase, the KDJ line begins to run upward gently, and the Bollinger Bands are in a closing state again;
In terms of Ethereum, the daily level and 4-hour level technical indicators are basically in sync with Bitcoin. After testing the 1640 line, it still failed to effectively stabilize and fell back under pressure;
To sum up, the market currently continues to trade sideways, but the pressure has been tested multiple times and failed to break through, so you can continue to rely on shorting near the pressure level;
Operation suggestions:
Bitcoin is short in the 25800-26000 area, targeting 25300-25000, and defending 26200!
Ethereum 1635-1640 area short, target 1600-1580, defense 1660!
The strategy is time-sensitive, and the details are subject to private real-time guidance! #Bitcoin# #Ethereum#