Thursday Evening Bitcoin and Ethereum Latest Market Analysis
Looking back at the long positions suggested in the afternoon, although the actual market did not give us the expected pullback, the market surged in the afternoon, reaching a high near the 96300 line, and then faced pressure and fell back, currently fluctuating around the 95900 line. Ethereum similarly surged to a high near the 1850 line, then faced pressure and fell back, currently fluctuating around the 1840 line. The bullish strategy we suggested in the afternoon has been perfectly fulfilled. We will still maintain a bullish outlook in the evening, initially taking light short positions to wait for a pullback, and once the pullback stabilizes, we will plan to catch the rebound with long positions.
The 4-hour chart of Bitcoin is currently at a neutral position in the range, with a certain distance from the high point near 97000 and the low point near 91000. The fluctuations can lead to stabilization and strengthening or to explore new highs followed by a second drop. Given the daily closing higher, the next three trading days this week will be crucial for the weekly closing. The fluctuations will become more intense. Short-term operations should still be flexible based on patterns, temporarily looking at fluctuations within the wide range.