Friday Midday Market Review: Yesterday's short strategy concluded perfectly, all three positions hit targets with flawless execution from entry to profit.
Bitcoin 4-hour chart: After a bearish engulfing followed by a sharp drop that touched the lower band, three consecutive bullish candles surged strongly. Long lower wicks held firm at the 90,000 level, with bears clearly losing momentum. KDJ three lines are diverging upward together, bullish signals at maximum. Despite pullbacks from earlier highs, price continues oscillating within the triangle pattern with higher lows, accumulating sufficient upward momentum.
Hourly level is more intuitive: downside probed the bottom without oversold signals, then consolidated above the midline after rebounds to gather strength, with Bollinger Bands gradually opening upward.
Friday Evening Outlook: Bitcoin short-term support at 90,800-90,300 range, upside targets point to 91,900-92,700. Ethereum short-term support at 3,090-3,070, upside targets at 3,140-3,170.
Three-time layout all in? That's gotta be super lucky. I always feel like when this kind of statement shows up, the next wave is a reverse beatdown [dog face]
That said, the technicals do look comfortable. Higher lows, KDJ divergence—classic accumulation signals. The key is whether we can break through 91900. That's a critical level right there.
Friday Midday Market Review: Yesterday's short strategy concluded perfectly, all three positions hit targets with flawless execution from entry to profit.
Bitcoin 4-hour chart: After a bearish engulfing followed by a sharp drop that touched the lower band, three consecutive bullish candles surged strongly. Long lower wicks held firm at the 90,000 level, with bears clearly losing momentum. KDJ three lines are diverging upward together, bullish signals at maximum. Despite pullbacks from earlier highs, price continues oscillating within the triangle pattern with higher lows, accumulating sufficient upward momentum.
Hourly level is more intuitive: downside probed the bottom without oversold signals, then consolidated above the midline after rebounds to gather strength, with Bollinger Bands gradually opening upward.
Friday Evening Outlook: Bitcoin short-term support at 90,800-90,300 range, upside targets point to 91,900-92,700. Ethereum short-term support at 3,090-3,070, upside targets at 3,140-3,170.