Short-term enters a sideways repair period, the daily chart still has adjustment space, but the moving average system is in a long positions arrangement, and the momentum support is strong. The core idea is to prioritize going long in the direction of the trend, betting on the continuation of the one-sided trend!
The weekend saw a strong rally that broke the previous downward trend. After a spike last night, there was a sharp drop and correction. From the trend structure, if this round is a healthy correction, it needs a subsequent second volume increase to confirm the continuation of the rise. Considering the current correction intensity and rebound space, a short-term adjustment is highly likely to continue. However, the previous increase in volume has already led to a divergence in moving averages, and the long positions framework has not been broken. Even if there is a need for adjustment on the daily chart, there is still a safety margin for going long. The focus should be on the direction of the breakout from the sideways range, overall in alignment with the bullish trend.
Operation suggestion:
BTC: Set long positions around 90000, 90500, targeting near 92500!
Ether: Place long positions around 3000 and 2970, aiming for around 3100! $ETH
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Short-term enters a sideways repair period, the daily chart still has adjustment space, but the moving average system is in a long positions arrangement, and the momentum support is strong. The core idea is to prioritize going long in the direction of the trend, betting on the continuation of the one-sided trend!
The weekend saw a strong rally that broke the previous downward trend. After a spike last night, there was a sharp drop and correction. From the trend structure, if this round is a healthy correction, it needs a subsequent second volume increase to confirm the continuation of the rise. Considering the current correction intensity and rebound space, a short-term adjustment is highly likely to continue. However, the previous increase in volume has already led to a divergence in moving averages, and the long positions framework has not been broken. Even if there is a need for adjustment on the daily chart, there is still a safety margin for going long. The focus should be on the direction of the breakout from the sideways range, overall in alignment with the bullish trend.
Operation suggestion:
BTC: Set long positions around 90000, 90500, targeting near 92500!
Ether: Place long positions around 3000 and 2970, aiming for around 3100! $ETH