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Ether has shown a slow upward trend after a period of fluctuation throughout the day, once again breaking through the previous high to reach a peak of 4788. Subsequently, it has continued the current high-level fluctuation rhythm, repeatedly testing the upper and lower bounds within this range. The complexity of operating in such market conditions inevitably increases, with consecutive small range whipsaws. Our intraday trading strategy has also been continuously adjusted to follow the current trend, focusing on short-term long positions during pullbacks within the range. The positions of the students who follow the rhythm have once again achieved effective accumulation. Always staying close to the market data trend, the rhythm of trading remains smooth and consistent.
From the four-hour chart, after the price broke through the high with consecutive bullish candles, it is currently experiencing a slight pullback with consecutive bearish candles. This slight pullback is more of a technical correction after the continuous pump and breakthrough of the price, rather than a reversal of the trend structure. The current upward structure in the market data remains stable, with the MACD energy bars slowly weakening and the fast and slow lines gradually converging. There is a certain demand for a pullback in the current price, but the overall trend remains unchanged, and there is still a significant possibility of further refreshing the previous high in the future. From the short-term hourly chart, the price is alternating between bullish and bearish movements, and the market has been in a box range for a period of time. The current situation is still continuing to unfold. The MACD energy bars are consistently showing bearish candles, and the KDJ indicator is diverging downwards, indicating that there is still a certain demand for a pullback in the short term. However, from the market data, multiple pullbacks have not shown much strength, so overall we still expect the price to continue its upward trend after consolidation. The bullish outlook remains unchanged, and one can buy on the dips.
Long Bitcoin around 121500, pay attention to around 122500; Long Ether around 4700, pay attention to around 4800.
#BTC# #ETH# #GateioInto11#