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Every rise and fall is a磨砺, in the crypto world, the strong rise in adversity. On Tuesday evening, after a slight rebound in the Bitcoin market, it faced another wave of strong decline, with prices falling from a high of 114529 to a low of 112625 before stopping. The Ethereum market moved in sync with Bitcoin, with prices starting to decline after reaching a high of 3657, with the market hitting a low of 3555 in the evening. During the day, Sheng Ge's layout had two short orders and two long orders for Bitcoin, totaling 3400 points of space, and two short orders and two long orders for Ethereum, totaling 234 points of space. In the morning, Sheng Ge decisively seized the pullback trend, laying out short orders for Bitcoin and Ethereum, entering the market near 115172 and 3718 respectively, and suggesting to exit near 114188 and 3656, with Bitcoin short orders gaining 1000 points of space and Ethereum short orders gaining 62 points of space. In the afternoon, he simultaneously laid out long orders for Bitcoin and Ethereum, entering the market near 113979 and 3614 respectively, and suggesting to exit near 114896 and 3682, with Bitcoin long orders gaining 900 points of space and Ethereum long orders gaining 68 points of space. In the evening, he also laid out long orders for Bitcoin and Ethereum, which faced downward pressure after a slight rebound in the market. After capturing the decline direction, Sheng Ge timely exited to protect his capital and then laid out short orders for Bitcoin and Ethereum, entering the market near 114016 and 3642 respectively, and exiting near 112725 and 3563, with Bitcoin short orders gaining 1300 points of space and Ethereum short orders gaining 79 points of space.
According to the current market situation, the four-hour level shows that after experiencing a significant downward plunge, the price has stopped above the lower band of the Bollinger Bands and has rebounded. The Bollinger Bands are opening parallel, and there has not been a significant downward extension action. Moreover, the lower band of the Bollinger Bands serves as an important resistance line to block the continuation of the bearish trend. As long as this position is not broken, there is still an expectation for a rebound from the bulls. From the one-hour level, the market shows a strong rebound after breaking through the lower band of the Bollinger Bands with two consecutive bullish candles, indicating that while the bearish momentum is dissipating, the bulls are starting to revive. Therefore, in this scenario where the decline has already completed, we will consider going long after a pullback at midnight.
You can go long around Bitcoin 112800, target at 115000.
You can go long near Ethereum 3570, targeting 36800 #Gate ETH 挖矿年化收益 5% #晒出我的Alpha积分 .