Today's trend is based on the dip in the early morning, with a relatively slow movement during the day session. From noon until now, the overall market has basically been oscillating around a range, and it is normal for pullbacks to lead to market consolidation. Currently, the price of Bitcoin is around 83,500. Ethereum has generally maintained a pullback trend during the day, without showing a reversal. Overall, it is still operating around a bearish sentiment.

From the current market perspective, after the overall market experienced a pullback in the early morning, there has not been a second dip during the day. However, after a slight retracement, the market rebounded again, allowing the bulls to effectively gain some continuation, although the recovery is slow. The hourly level is repeatedly under pressure and oscillating near the upper and lower bands of the Bollinger Bands, with a prolonged attack failing to break the highs, and the short-term still trapped in range oscillation. Combined with the daily line showing a trend of forming a doji bullish candle, it is not ruled out that the short-term may continue to oscillate back and forth within the range. Structurally, we still lean towards bullish accumulation, but repeated dips and recoveries will likely be the rhythm. In terms of operations, if the rebound does not break the highs, we will continue to look for a pullback; if the retracement stops, we will continue to buy, treating it as back-and-forth within the range.

Trading Suggestions

Buy Bitcoin near 83,000 Target 85,000

Buy Ethereum near 1,550 Target 1,650,342,512,725,60