4.30 Wednesday Morning Bitcoin Ethereum Latest Market Analysis
Yesterday at midnight we provided a long position strategy, and those who followed the strategy during the real trading session as expected should have captured quite a bit from the short-term downturn. We repeatedly emphasized not to blindly chase long positions. Upon reaching a certain high, we directly aimed to capture the pullback. Yesterday, Bitcoin's real trading session retreated as expected under pressure above 95,000, starting a pullback adjustment from around 95,400. Overall, it maintained a range oscillation pattern between 93,000 and 96,000. Currently, the real trading has touched around 93,800, undergoing oscillation and adjustment. We still maintain a long position strategy this morning, and short-term players can try small long positions, while conservative traders should wait for a continuation of the downward wave before making further arrangements.
Recently, the market has shown typical range consolidation characteristics in the absence of significant news and macro narratives. The technical structure still shows that the large-scale bullish trend remains unchanged, but insufficient short-term momentum has led to limited intra-day volatility. If we follow a high sell-low buy strategy, we can capture band profits at both ends of the range. There hasn't been much change on the daily chart, with the large-scale bullish market maintaining oscillation at a high position. Without significant news and macro narratives to support it in the short term, overall momentum will be insufficient. Although the small cycle has pulled back, the overall structure remains unchanged. It is expected to still be a process of low points rising and transitioning to oscillation. A pullback action has already been given, and the short term shows signs of stopping to look for low-position opportunities to enter long!
Operation Suggestions:
Buy Bitcoin in the 93,000-93,500 range, target 96,000.
Buy Ethereum in the 1,730-1,760 range, target 1,880.
