Thursday Morning Analysis of Bitcoin and Ethereum

The market trend overnight followed the strategy provided by Lao Wang, testing the support level around 89000 as expected, and then began to rally again, with the highest price reaching 90655. Overall, the strategy was quite accurate, but the market movement was relatively slow.

Currently, from the chart perspective, the 4-hour price has risen above the upper Bollinger band, and the 8-hour price has done the same, although it has not fully closed yet. In the short term, the price will definitely experience a slight pullback. Tonight, the US stock market is closed, so the overall market fluctuation will not be significant. It is particularly important to pay attention to the opening fluctuations of the Asian session in the morning and the European session at noon. As before, select good points to sell high and buy low.

Operation Suggestions:

Buy Bitcoin at 89300-89800, target 92000.

Ethereum follows the trend of Bitcoin and can build long positions around 3000, targeting 3150$BTC #王建波 .