After a significant rebound in cryptocurrency prices, early this morning, with the closing of the U.S. stock market, the cryptocurrency prices also provided a slight correction as expected. After the correction and consolidation ended, the cryptocurrency prices continued their previous upward trend. The prices surged again, refreshing the recent high of 93,000 while still remaining within the upward range, showing a slow rising trend. Currently, the prices have stabilized above 93,000. The movements this morning closely mirrored the strategy I provided. The actual trading layout this morning, with a long and a short position, garnered nearly 2,000 points of profit before exiting. In a market that is constantly changing, our grasp of the situation remains accurate. Isn't this exactly the guidance that friends feeling lost currently need?
Looking at the four-hour chart of Bitcoin, the cryptocurrency prices strongly broke through the middle track with a bullish candlestick and did not encounter significant obstacles. After a simple correction, the prices surged again, quickly moving toward the upper track, and simultaneously refreshed recent highs. The Bollinger Bands are slowly expanding upwards, and the prices are still operating within a triangular range. The current MACD energy histogram shows that bullish momentum remains strong, and the prices still have the potential to push higher. From a short-term hourly perspective, after continuous upward movement during the night, the prices have again formed a strong upward trend with a bullish engulfing pattern. The Bollinger Bands are accelerating their upward expansion. From the strength of the corrections observed, it is clear that while there is a certain demand for correction, the bullish momentum has provided strong support against the price corrections. Thus, in the short term, we continue to expect the continuation of the rebound trend.
Buy Bitcoin near 93,000, watch around 94,500. Buy Ethereum near 3,030, watch around 3,150.
