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Based on the current market situation, the previous downward momentum has clearly slowed down. The current MACD indicator shows that both DIF and DEA are below the zero line, with the histogram displaying a shortening of the green bars, indicating that bearish momentum is weakening. The MACD lows are gradually rising, suggesting a need for technical correction. If DIF can cross above DEA to form a golden cross and the price stabilizes above the middle band of the Bollinger Bands, a rebound trend will begin. Early in the morning, Lao Ma provided a bullish outlook.
Monday early morning trading ideas:
Bitcoin: Go long around 74,500. Target 75,800
Ethereum: Go long around 2,270. Target 2,350