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Good morning, frens. The daily chart is about to close, and yesterday's market saw Bitcoin and Ethereum move in sync, experiencing significant ups and downs. Although the current pullback in coin prices has nearly recovered most of the previous rise, the prices have not broken through the lower resistance level. Therefore, our strategy remains in line with the early morning approach, focusing on getting on board with the pullback. It is worth mentioning that we accumulated over 4000 points in yesterday's swing trading with BTC, and we got on board at 118090 for BTC and 4201 for Ether. Currently, we are patiently holding onto our long positions.
From the daily chart perspective, BTC formed a small bearish K line with a long upper shadow. After the coin price broke through the upper band to reach a high point, it experienced a rapid pullback under pressure. The current coin price is still in an upward trend structure, but the bullish momentum is slightly insufficient, and the coin price has not effectively surged. Currently, the coin price is once again caught in a high-level consolidation phase, but the overall trend remains unchanged. Looking at the four-hour chart, the coin price has experienced five consecutive bullish candles followed by a rapid pullback, and it is currently operating above the middle band. The continuous long lower shadows indicate that there is strong support below. The KDJ three-line indicator is quickly diverging downward, and the MACD fast and slow lines are gradually converging. Technical indicators suggest that there is still a certain demand for short-term pullback, while the Bollinger Bands are gradually narrowing. Therefore, this round of tug-of-war between bulls and bears will not last too long. Before the trend change signal appears, we still maintain the strategy of buying on pullbacks.
BTC is long near 118200, focus on around 119500, the second coin is long near 4200, focus on around 4300.
#BTC# #ETH# #GateioInto11#