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These past two days, the trading strategies for Bitcoin and Ethereum have been quite similar—both following a long-then-short approach. Taking Silk Road as an example, long positions around 2900 and short positions around 2970 netted over 120 points in just a week. This week, Ethereum performed even more aggressively, surpassing 450 points.
Currently, both Bitcoin and Ethereum are showing a pattern of bottoming out and then rising, with high-level consolidation. In the short term, the trend appears relatively strong, but the key is whether they can break through those resistance levels. On the 4-hour chart, the MACD's DIF and DEA lines have formed a golden cross below the zero axis, and the histogram has turned red—this is a positive signal. However, on the daily chart, the MACD is still in a death cross, and the price is being pressed down by the EMA30 moving average, indicating overall weakness.
But a recent detail worth noting is that the daily MA indicators are starting to turn upward, with support levels continuously rising. Under these circumstances, the short-term rebound momentum is quite strong, and the market may continue to push higher.
Evening outlook: Consider going long on Bitcoin around 87,700-88,200, targeting 90,000-91,000; for Ethereum, go long around 2930-2950, with targets of 3030-3060. Of course, this is just a technical reference; specific operations should be adjusted flexibly according to real-time market conditions, with risks borne by oneself.