Thursday's Latest Bitcoin and Altcoin Strategy

Last night, friends who follow my analysis know that the position is quite tight. We took a bite of the big move, and I don’t know how many friends are still holding on. Friends who need help with positioning can also reach out to me!

Returning to the technical aspect, the current hourly chart shows consolidation within the middle band of the Bollinger Bands. The moving average system is in a bullish arrangement, with the 5-day moving average crossing above the 10-day moving average to form a golden cross that continues to support the trend. Regarding the MACD indicator, the fast and slow lines remain close above the zero line. Although the red histogram shows slight convergence, there is no sign of a reversal to the downside. This indicates that the short-term volatility is a strong consolidation phase for the bulls, not a sign of a trend reversal.

Bitcoin: 85,000-86,000 USDT, then 88,000, 90,000. Watch for a break below 85,000 and adjust accordingly!
Ethereum: 2,750-2,800 USDT, then 2,900, 3,050.
Pay attention to the strong support at 2,700!

Personal opinion, for entertainment only, not investment advice!