Wealth accumulation is not achieved in a day; patiently holding on and waiting for the flowers to bloom.


Old Wang's thoughts in the early morning are also based on the market trends. I wonder if any friends have caught this wave of opportunities. The evening market isn't too big, which makes it easier to grasp. Right now, Old Wang will share his humble opinions with everyone again.

From the 8-hour chart, after a decline in the price of the coin in the past few days, there has been a rebound, but it has not brought the price back to the previous high. Instead, after a slight rebound, it continues to decline, with the K-line showing long upper shadows continuously, and the Bollinger Bands are also opening downwards. Looking at the 4-hour chart, the overall Bollinger Bands for Bitcoin are tending to flatten, with the overall coin price oscillating in the range of 112500-115500. From various technical indicators, the signals suggest further decline. Considering that the current price is also near the middle band of the Bollinger Bands, there is still some downward space. Additionally, combined with the confirmation on the hourly chart, the market is expected to decline further. We need to pay more attention to the defense levels of Bitcoin at 112000 and Ether at 3400 to strategize a buy-low, sell-high approach.

Short-term operation suggestion:
Bitcoin 114300-114700 range, target 112500
Concubine 3620-3660, target 3500 #Gate ETH 挖矿年化收益 5%# #晒出我的Alpha积分# #SOL期货交易量创新高# #以太坊ETF连续12周净流入# #加密市场反弹#
XRP2.89%
PUMP15.61%
GT-0.86%
BTC2.59%
ETH1.36%
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