9.2 Summary of Yesterday and Thoughts for Early Today
Yesterday's market situation showed that there were plenty of opportunities for many points. Uncle Zhang aims for continuous victories today, marking a bright start to the new month. For specific data, please refer to the image. I understand that the current fluctuations may stir up your emotions, but every fluctuation is honing your mentality, and every persistence is building strength for the future. Don't let temporary ups and downs disrupt your rhythm!
In the 4-hour level for Bitcoin, we can see that after the current price stabilized near the low of 107200, a large bullish candle surged towards the upper band of the Bollinger Bands. Subsequently, support around the middle band at 108500 has become more solid, and the slope of the middle band is showing signs of flattening, with the lower band providing support, indicating that short-term bullish momentum is accumulating. Each round of corrections has not broken below the previous low, and the rapid recovery near the lower band demonstrates strong buying power below. Additionally, short-term moving averages are beginning to tilt upward, forming a resonance support with the middle band. If we can maintain stability at the middle band and drive the upper band of the Bollinger Bands to move upwards together, and if the opening gradually expands, the bullish trend is likely to be further confirmed. If the price fails to break through 110000 for an extended period, be cautious of a pullback; don't be overly greedy, and ensure you have stop-loss measures in place for your own peace of mind. The specifics depend on the actual situation!!!
Suggestions:
Buy Bitcoin around 108200, target 111000,
Buy Ethereum around 4300, target 4500
