The market dividend is within reach. Have all investors accurately grasped it? Yesterday, the market experienced a sharp decline and subsequent consolidation phase. Currently, the overall pattern shows a range-bound fluctuation, with Bitcoin prices operating in the range of 893-905. Ethereum is moving in sync, with a fluctuation range locked at 3152-3200. The strategies made public yesterday have been fully implemented, and the key ranges indicated in the morning have all been reached. Have investors following the strategies realized their expected returns? Yang Jie achieved profits on both long and short positions in Bitcoin trading yesterday, accumulating more than 3000 points of fluctuation space, while Ethereum gained 160 points of space. Small positions are not counted for now!
From the current market perspective, the 4-hour level continues to oscillate in the lower band of the Bollinger Bands, without releasing a clear directional signal. The candlestick patterns show alternating narrow fluctuations, and the length of the upper and lower shadows has increased due to intensified long-short competition. Although the market's short-term bearish dominance is significant, the price quickly rebounded after testing key support levels. The technical analysis has revealed potential upward momentum for a short-term rebound. Switching to the 1-hour level, the market has been constrained within the box oscillation range, and the Bollinger Bands are continuously converging, indicating that the market is in a critical state of accumulation. Although the MACD indicator is still running below the zero axis, the fast and slow lines have shown an upward turning pattern, with the golden cross structure beginning to take shape. Overall assessment suggests that during the early morning hours, it is advisable to rely on support levels to layout and seize the opportunity for a rebound.
Bitcoin: Layout long positions in the range of 90500-91000, target around 92500.
Ethereum: Layout long positions in the range of 3150-3180, target around 3300.
