Completed on Monday, the overall market trend shifted from fragmented decline to fragmented decline, with the coin price touching the 82999 line at dawn, hitting the bottom and rebounding. This morning, the Bitcoin price reached a maximum rise to the 85534 line and stopped, with the daytime market tending to fluctuate, and the volatility did not provide too much, while the evening coin price rose again to the 85755 line and then retreated. Currently, the coin price has retreated to a low of around 83668. The current price of Bitcoin is operating near 84000. As for Ethereum, the trend first surged to the 1691 line and then came under pressure to decline. The Ethereum trend is still quite clear; it goes up when it goes up and goes down when it goes down. Currently, the coin price is operating around 1630.
From the current market structure, after experiencing a series of declines, there are signs of a rapid rebound and warming. The hourly structure shows that after each pullback, the bulls will enter a period of strength, indicating that the rise after a pullback often occurs after confirming the bottom support. Next, the market may enter a range-bound operation mode, with both bulls and bears competing more to prepare for subsequent bullish rebounds. For future operations, it is recommended to first confirm the bottom support and then participate in low buying. At the same time, closely monitor the intensity of the pullback and arrange the layout reasonably. In summary, the current market sentiment leans towards a bullish rebound, and operations should focus on low buying, avoiding chasing shorts, and paying attention to observing the intensity of the pullback.
Operational Suggestions
Buy Bitcoin at 83500-83800, target 86500
Buy Ethereum near 1600, target 16800 886148629770389261042