The market is always moving, and opportunities continuously arise. Today, there is a fierce tug-of-war between bulls and bears, with clear signs of range fluctuations overall. Bitcoin's low point is around 89000, while Ethereum is at 3000. Bitcoin's high point is around 92200, and Ethereum is at 3180. The overall operating channel offers plenty of space. In terms of real trading layout, this wave of rebound trend during the day has already been hinted at by Zhuo Wei in advance, and friends who have followed along must have a deep understanding of it.
Currently, the market rebound continues, and the bullish forces are gaining momentum again. Looking at the four-hour level, the market briefly broke through the middle band of the Bollinger Bands after a waterfall drop, and then showed a clear rebound pattern, with bullish forces pushing prices up. This proves that the middle band support is relatively firm, and the bearish momentum is significantly insufficient to continue the breakthrough, with bulls about to warm up again. At the hourly level, the market is operating in the lower area of the Bollinger Bands. The bottom support is very obvious, showing a series of long lower shadows, and bearish movements are clearly blocked. Therefore, in terms of layout, it is recommended to follow the current rebound trend and position long orders accordingly.
Bitcoin: 89500-89000 range long Target 92000
Ethereum: 3100-3070 range long Target 3200
