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1.14 Midday Bitcoin and Ethereum Trading Suggestions and Directions
Woke up and continued sharing yesterday evening's ideas, successfully confirming again. Last night, I publicly suggested a pullback to go long; the entry points were clearly provided. We placed a buy order around 91,900 for Bitcoin, and for Ethereum, an entry around 3,120 was suggested. We exited near 96,000 for Bitcoin after a rally, and around 3,360 for Ethereum. Bitcoin gained over 3,800 points again, and Ethereum gained about 231 points. A night of unwavering focus has led to a significant rise. I believe friends who saw Zhao Lao's ideas and invested are more or less gaining some profits.
From the current market perspective, on the 4-hour chart, after a strong breakout above the upper band to around 96,800, it faced resistance and moved downward. Currently, it is oscillating near 95,400, still above the upper band. The bullish trend is evident. According to MACD: DIF and DEA maintain a golden cross, the histogram remains positive and expanding, and momentum is still strong.
Short-term resistance: the previous high and psychological level at 96,800. If it cannot break through, a double top may form. Short-term support: around 93,000. After a rally, a long upper shadow appeared, with KDJ overbought and volume-price divergence, indicating a possible pullback to test support at 93,000. The market is in a correction phase. Therefore, midday trading should focus on rebounds below resistance points.
Bitcoin around 95,000 to 96,000 can be bought, watch 94,000.
Ethereum around 3,330 to 3,360 can be bought, watch 3,250.