Xiaoyao KOL: Bitcoin's price action – take profits when it's in the red (with overnight market analysis)

The afternoon strategy involved buying on dips. The daytime trading was relatively stable, but the market began to decline in the evening following the opening of the US stock market. Entry points for Bitcoin and Ethereum were around 95400 and 3280 respectively, with highs reaching around 97000 and 3330. Profits were taken when appropriate. Bitcoin's current price is oscillating below the upper Bollinger Band, with the KDJ lines turning downwards and the MACD histogram shrinking, indicating short-term downward pressure. Ethereum's MACD histogram is shortening, and the RSI is approaching overbought territory, but this suggests insufficient upward momentum. The market has now rallied and then pulled back. The overnight recommendation was to enter at higher levels: Bitcoin around 96800-97300, with a target of around 94500; Ethereum around 3340-3380, with a target of around 3260. Market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.