Both long and short trading strategies have been provided for today. Whether it’s going long first and then shorting, or shorting first and then going long, as long as you follow Lao Chen's lead, the wide range-bound fluctuations in today’s market won’t have significant errors. Although the overall volatility space during the day is not large, it revolves around the upper resistance and lower support. The strategies provided a few times have also perfectly reached their target positions. A long suggestion was given to everyone in the early morning, with a rise from the low level around 86000 providing a space of 2000 points, and Ether also has a space of more than 100 points available. Currently, although the market has not broken out of the current range-bound fluctuations, it won’t continue to move in a range forever; a directional market will still emerge later. Whether the market is good to trade depends on how you seize the opportunities; the market has never lacked opportunities, only those who lack the courage.

From the current market structure, there is a short-term range-bound fluctuation. The four-hour price is stabilizing between the middle and upper Bollinger Bands, and the short-term movement is making incremental gains while breaking through high positions. The overall trend is still quite torturous, as neither the bulls nor the bears have formed effective continuation. However, in the short-term movement, there has been a rebound predominantly with bullish candles, and there are retracement actions, but they are not sufficient to change the currently strong structure. The overall trend remains in a range-bound upward movement. Similarly, the four-hour upward channel is well maintained. After the price retraces, it is also suppressed by the upward trend line, causing the retracement to lack continuation. Given that the short-term market movement is relatively slow, we will participate by going long at the lower end and shorting at the upper end of the range.

Bitcoin: 87400-87000 go long Target focus on 89000
Ethereum:2950-2930 go long Target focus on 3080