Recently, I've been busy taking care of clients and have indeed missed sharing with everyone. I also want to remind everyone that when the market starts to move, don't wait for Lao Wang's voice; Lao Wang is usually busy with clients. If there are any issues, please communicate with Lao Wang promptly; remember not to wait for articles. For the new round of trends, we will analyze it again. As for the previous bullish analysis, it has already concluded, and congratulations to those who followed along and made profits. Regarding the future trend, let me give you a conclusion first: those who lack patience can end here. The bullish trend will continue, and the intention to fall is not strong enough. Users with long positions can continue to hold, similar to those in spot trading. We still expect bullish upward movement.
From a technical perspective, on the daily chart, the seven-day moving average has once again crossed the thirty-day moving average, and the short-term growth trend remains strong. In conjunction with the Bollinger Bands, the current market is running between the middle and lower bands, but there has been a slight convergence of the upper and lower bands since 08:00 this morning, indicating signs of contraction. The contraction of the Bollinger Bands means that the upper and lower band lines are gradually converging. After a long period of decline in stock prices, this suggests that the forces of bulls and bears are gradually balancing, and stock prices will be in a long-term sideways consolidation. Investors should primarily observe. This indicates that there may be a possibility of a sideways correction in the short term, meaning that the recent market is unlikely to see a deep retracement trend. Therefore, we will continue to maintain a bullish mindset without any issues.
Bitcoin: 92000-91800 Long Target focus 93500
Ethereum: 3100-3080 Long Target focus 3230$BTC

