The road of trading is not always smooth; don't belittle yourself because of a single loss. Remember, where you fall is where you get back up! Yesterday, the market experienced a wave of first hitting the bottom and then rebounding, with Bitcoin strongly bouncing back from a low of 89368 to a high of 94555. Ethereum also did not want to be outdone, stabilizing after a low of 3066 and continuing to rise, reaching around 3397. Last night, Old Tang's firm bullish outlook perfectly paid off! I wonder how friends who kept up with the rhythm felt about this wave of profits?
The daily level has continuously closed positively, with prices steadily rising close to the upper Bollinger Band, and trading volume expanding simultaneously. This is irrefutable evidence of strong bullish momentum, and the short-term rising channel remains intact, making the probability of continued upward movement extremely high! The hourly level has welcomed a brief pullback, which is a normal adjustment after a rise. Don’t panic! The Bollinger Band opening is still expanding, and there is fundamentally no substantial resistance above! It is important to note that the KDJ indicator has already entered the overbought zone, indicating a slight pullback demand in the technical aspect, but this is certainly not a reversal signal; rather, it presents a golden opportunity for you to get on board. The subsequent operation suggests going long in the direction of the trend; a pullback is a point to enter!
Bitcoin can be bought around 92000, targeting 93500!
Ethereum can be bought around 3280, targeting 3400! $BTC
