Tuesday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions
The cryptocurrency world is a battlefield where dreams and reality intertwine, a stage where opportunities and challenges coexist. Only by staying true to our original intentions can we go further on this path. Yesterday at midnight, the Bitcoin market showed a strong upward momentum, with prices rising from a low point of 93367 to a high point of 94935. Similarly, Ethereum's market rose from a low of 1744 at midnight yesterday to a high of 1805. Brother Sheng's Bitcoin long position was initiated near 93787 and exited near 94904, capturing a profit of 1100 points.
Based on the current market situation, the four-hour chart shows that after a significant bearish correction, bulls are providing a certain rebound, and prices have moved above the middle band of the Bollinger Bands. The short-term pullback is limited, and the overall structure leans bullish, with bulls gathering momentum. From the one-hour chart perspective, the market has stabilized above the middle band and is currently maintaining a slow upward trend with small steps. The moving average indicators still show bullish signs in the short cycle, and the structural pattern remains bullish. Therefore, in our morning operations, we will continue with the low long strategy.
Buy Bitcoin near 94000-94500 with a target of 96000.
Buy Ethereum near 1780 with a target of 1850.
