Trading is most taboo to be reckless. Instead of operating blindly, it's better to go with the trend. Yesterday morning, Bitcoin gradually rebounded from a low point around 88,300, eventually surpassing 89,000. During the same period, Ethereum's performance was consistent, starting near 2,990 and rising to around 3,030. The bullish setup from this morning is still holding profits.
From the current trend, the daily chart has closed two consecutive bullish candles. Although the price is still moving between the middle and upper bands of the Bollinger Bands, the support strength of the middle band has clearly weakened. Switching to the 4-hour chart, the bearish candle from this morning has been recovered by a rally, with the K-line strongly pushing up below the upper Bollinger Band. All three Bollinger lines are showing an expanding upward trend, and the golden cross remains a solid bullish signal. Overall, the trading strategy this afternoon is to continue buying low.
Bitcoin: Establish long positions around 88,500, aiming for 90,000
Ethereum: Establish long positions around 3,000, aiming for 3,100
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GateUser-beba108d
· 01-02 09:30
Going with the trend is indeed the right approach; the reckless approach should have been abandoned long ago.
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GasFeeBeggar
· 01-02 09:30
Going with the trend is indeed the right move; reckless actions lead to the biggest losses.
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BTCWaveRider
· 01-02 09:30
Going with the trend is really effective; I only understood after a lot of trial and error and losses.
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MidnightTrader
· 01-02 09:23
Going with the flow is a good saying; it's much more reliable than reckless efforts. That's also what I think.
Trading is most taboo to be reckless. Instead of operating blindly, it's better to go with the trend. Yesterday morning, Bitcoin gradually rebounded from a low point around 88,300, eventually surpassing 89,000. During the same period, Ethereum's performance was consistent, starting near 2,990 and rising to around 3,030. The bullish setup from this morning is still holding profits.
From the current trend, the daily chart has closed two consecutive bullish candles. Although the price is still moving between the middle and upper bands of the Bollinger Bands, the support strength of the middle band has clearly weakened. Switching to the 4-hour chart, the bearish candle from this morning has been recovered by a rally, with the K-line strongly pushing up below the upper Bollinger Band. All three Bollinger lines are showing an expanding upward trend, and the golden cross remains a solid bullish signal. Overall, the trading strategy this afternoon is to continue buying low.
Bitcoin: Establish long positions around 88,500, aiming for 90,000
Ethereum: Establish long positions around 3,000, aiming for 3,100
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