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Good evening, my frens. From the intraday market trends, BTC and ETH have shown a technical Rebound during the evening session, which is highly consistent with our earlier assessment of the upward trend. It is particularly worth noting that the doji layout strategy we suggested in the morning has been validated in the current market. Through reasonable Position management and take profit strategies, we have achieved the expected hawkish space.
Based on the current market structure analysis, we maintain an overall bullish judgment. For BTC, it is recommended to use 117800 as a key support level for position allocation, as this level serves as both a previous low support and an important reference for Fibonacci retracement. For ETH, the effectiveness of the support at 3720 has been validated and can serve as an important reference point for entering a position.
It is important to note that the current market is in a fluctuating upward channel. It is recommended to adopt a phased position building strategy and strictly control the position ratio. In operations, dynamic adjustments can be made based on the 1-hour RSI indicator and changes in trading volume. When the RSI shows a bottom divergence pattern and trading volume moderately increases, it can be considered a signal to increase positions. At the same time, be sure to set dynamic stop-losses. For BTC, it is recommended to set the stop-loss below 116500, while for ETH, a protective stop-loss should be set around 3650.
The current market environment shows that institutional funds are accelerating their layout. It is recommended to pay close attention to the approval progress of BTC and ETH, as well as the monetary policy trends of the Federal Reserve. In terms of operation, maintain a position of around 70%, while the remaining position can be flexibly adjusted based on sudden news during the trading session. Technically, if BTC can effectively break through the resistance levels of 125,000 and ETH 4,000, it will open up new upward space. #余币宝年化收益破24%# #Gate Launchpad IKA上线# #以太坊交易量飙升# #比特币市场分析# #Gate ETH十周年回馈#