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Today, the market trend rose in the morning to the level of 62737 after rising, and then remained in a resting state. In the afternoon, BTC was in a downward trend after reaching a high level, and it dropped to the level of 59764. Approximately a three-thousand-point range. Currently, the market shows a rebound upward trend. The long positions we prepared for the evening turned out to be profitable again. ETH pulled back to the lowest level of 2578 during the day and stopped. It's time to take action for longs. Today, we gained a total of 1220 points for BTC with short and long positions, and 128 points for ETH with short and long positions. Currently, crypto prices are around 60000.
According to the market data at the moment, a small declining K-bar correction is seen on the daily chart. After the morning uptrend, the intraday market data fluctuation range exceeded 2000 points, formed a lower shadow, and tested the support level but did not break. This kind of trend still indicates that long positions are the main force.
With an hourly analysis of the market data, it is currently showing a volatile downward trend, the Bollinger Band is gradually flattening out with a resting phase, and it is predicted that the weekend market will show a slowing trend. However, it should be noted that Fluctuation, which is not usually seen in the market on Friday evenings, may occur. Currently, Shorts have ended in large volume, and it is recommended to continue following the evening trading strategy of opening long positions during the pullback. Medium and long-term targets remain the same.
Trade recommendation
BTC59500-59700 Long target 61500
ETH2530-2550 Long Target 2620#BTC #GateioInto11 #ContentStar #BOME #ETH