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From the current perspective, the strong momentum of BTC and ETH on the 4-hour and 8-hour long-term charts is still continuing. Although the Candlestick has been in an Oversold state and has entered a technical pullback, it has not affected the momentum of the trend. In the short-term, while the trend continues, other technical indicators are reversing, indicating that we are currently in a Sideways movement. Qing Yao expects that over the weekend, there will be a complete oscillating downward state. We will continue to maintain our strategy of positioning for a Rebound and capturing the trend.
Operation Suggestions:
BTC around 114200-113800, looking at the 112000 range.
ETH around 3550-3500, looking at the 3450 range