3.3 Morning Market Analysis
Last night, the cryptocurrency market experienced a significant rapid surge. Bitcoin temporarily surged nearly 5,000 points, then slightly pulled back after reaching the high. It then moved into a slow oscillation around the 69,000 mark, showing a generally sideways upward trend. As the US stock market closed smoothly, market volatility quickly narrowed, and the trading rhythm gradually stabilized. In our real trading setup yesterday, we led our students to precisely grasp the market rhythm, successfully taking profit twice on short positions, and avoiding sudden explosive moves in the evening. In the crypto market, steady profits never rely on chasing gains during big market moves but on maintaining a clear mindset, actively avoiding unnecessary risks, and always approaching market fluctuations with reverence.
From the four-hour chart of Bitcoin, the price previously surged strongly above the Bollinger upper band with a large bullish candle, then quickly corrected with a long upper shadow bearish candle, bringing the price back into the indicator range. Currently, it has formed a moderate bullish candle near the upper band again. Combining the overall performance of the monthly and weekly charts, the price has shown clear signs of a bottoming rebound. The four-hour Bollinger bands continue to expand upward rapidly, suggesting a medium- to long-term trend following the rebound, which is expected to continue.
In the short-term hourly chart, after two consecutive large bullish candles, the price entered overbought territory, then corrected with two bearish candles, before returning to a slow upward pace. The MACD histogram continues to shrink, indicating weakening bullish momentum. The KDJ lines are slowly converging downward from above. Coupled with the previous rapid surge, the short-term correction demand is increasing. Therefore, the short-term trading strategy should focus on pullbacks, with short-term rebounds used for high-position shorting.
Trading Recommendations
Bitcoin: Gradually short around 69,500, targeting approximately 68,000
Altcoins: Gradually short around 2,060, targeting approximately 1,960#伊朗局势升级 #比特币避险属性 $BTC $ETH