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In the early hours of today, the market continued the previous upward trend, briefly testing around 115,600 before quickly pumping up to around 117,600. The long positions continued to make a strong push, causing the coin price to rise rapidly to the current high point. At present, the coin price is still fluctuating around 117,500. I had already made it clear in my thoughts last night that the market would further continue the upward trend. Our real trading layout entered long positions at 116,149, and at 117,516, we strongly secured a space of 1,367 points, while Ether captured a space of 65 points. The subsequent layout is still being held. Many viewers and listeners in the live channel followed Zhi Yu's rhythm and enjoyed a good profit from this wave of market movement in the early hours. The swing trading for the early morning market was also accurately captured once again.
From the daily chart, the coin price has formed a strong bullish candle that has broken through the middle track, with the bullish engulfing pattern also reflecting a clear upward trend. The continuous upward divergence of the KDJ indicator indicates that the current upward trend will continue further. From the four-hour chart, the coin price has rapidly broken through the upper track with consecutive strong bullish candles, forming an overbought condition. The current coin price remains above the upper track, and as the four-hour close is approaching, the current situation has formed a scenario where the coin price is waiting for the indicators to rise. The Bollinger Bands are continuously expanding, which will further open up the upward channel for the future market. Moreover, there has been no significant trend reversal signal on the current chart, so our bullish outlook for the future remains unchanged, and we will continue to adopt a strategy of buying on dips.
Buy Bitcoin near 117000, watch around 118500. Buy Ether near 3870, watch around 3970.
#BTC# #ETH# #GateioInto11#