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4.9 Morning Silk Road and Suggestions
The bullish structure on the daily chart has already formed. The current market shows a clear buy signal, with all moving averages turning upward, confirming the bullish trend. After the golden cross, the upward divergence indicates that the short-term moving averages are effectively supporting the candlesticks, suggesting that the medium-term bullish trend is fully established and support levels below are strong. The bullish volume remains at a healthy level, with no signs of volume stagnation, indicating sufficient bullish capital absorption and that upward momentum has not yet exhausted.
Trading Suggestions:
Bitcoin (BTC) range of 70,000-70,700, target 72,500-73,500
Ether (ETH) range of 2,150-2,170, target 2,250-2,300
The above are short-term setups. For medium- and long-term plans, I will share more in the group.