July 4th Midnight Bitcoin and Ethereum Trading Suggestions and Directions
From the overall white盘 perspective, Bitcoin and Ethereum have been in a narrow range correction phase, with forces in the game relatively balanced, once again proving that our idea of high selling and low buying in the white盘 is feasible. The oscillation trend is a period of accumulation for the market; it may seem calm, but in fact, it is preparing for the next breakout. So there's no need to panic; be patient and wait. Every sideways movement is a test of your mindset. When the trend arrives, you will thank yourself for staying calm at this moment. From the current market situation, the 1-hour chart shows that Bitcoin and Ethereum are oscillating around the middle band of the Bollinger Bands, with the middle band trending gently upward, indicating a short-term consolidation phase. Currently, Bitcoin and Ethereum are trading above the middle band, suggesting a slight short-term advantage for the bulls, but the upper band resistance has not been broken. The candlestick pattern shows a slight pullback earlier, gradually stabilizing, with small bullish candles oscillating upward in the past few hours, but trading volume has not significantly increased, and upward momentum is not obvious. The KDJ lines are converging downward and have not entered the oversold zone. In the short term, the market may continue to oscillate or slightly pull back. Therefore, midnight trading is recommended to be cautious and observe first; once the trend becomes clearer, consider entering. Aggressors can try long positions at the current price, with a stop-loss around 90,000 and a take-profit around 91,800. #BTC #ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
July 4th Midnight Bitcoin and Ethereum Trading Suggestions and Directions
From the overall white盘 perspective, Bitcoin and Ethereum have been in a narrow range correction phase, with forces in the game relatively balanced, once again proving that our idea of high selling and low buying in the white盘 is feasible. The oscillation trend is a period of accumulation for the market; it may seem calm, but in fact, it is preparing for the next breakout. So there's no need to panic; be patient and wait. Every sideways movement is a test of your mindset. When the trend arrives, you will thank yourself for staying calm at this moment.
From the current market situation, the 1-hour chart shows that Bitcoin and Ethereum are oscillating around the middle band of the Bollinger Bands, with the middle band trending gently upward, indicating a short-term consolidation phase. Currently, Bitcoin and Ethereum are trading above the middle band, suggesting a slight short-term advantage for the bulls, but the upper band resistance has not been broken. The candlestick pattern shows a slight pullback earlier, gradually stabilizing, with small bullish candles oscillating upward in the past few hours, but trading volume has not significantly increased, and upward momentum is not obvious. The KDJ lines are converging downward and have not entered the oversold zone. In the short term, the market may continue to oscillate or slightly pull back. Therefore, midnight trading is recommended to be cautious and observe first; once the trend becomes clearer, consider entering.
Aggressors can try long positions at the current price, with a stop-loss around 90,000 and a take-profit around 91,800.
#BTC #ETH