Thursday Midnight Bitcoin and Ethereum Latest Market Analysis
Looking back at the long position strategy provided in the evening, it perfectly delivered results, with real trading climbing all the way up to the high point near 97300. We mentioned in the evening that short-term traders could catch a pullback, and the actual trading experienced a brief fluctuation before moving down to around 95700, after which it stabilized and started a significant upward stretch. We still maintain a bullish perspective, but after a strong surge, a pullback often follows. The evening market is difficult to grasp, so for safety, the current real trading is oscillating around 97000. We will lightly short to catch the pullback, and once the actual trading reaches our expected level, we will decisively position ourselves for long trades.
The Bitcoin 4-hour chart is in the middle of the range (high point 97000, low point 91000), with a tug-of-war between bulls and bears. After closing higher on the daily chart, this week enters the weekly closing competition period, and the fluctuation may intensify. Attention needs to be paid to the direction of the range breakout, and we should respond with a strategy of wide fluctuations in the short term. Ethereum's movement is in sync with Bitcoin; after a rise and pullback, we need to observe the support below. The bullish trend remains unchanged, and after a pullback stabilizes, there is still upward momentum.
Evening trading suggestions:
Long positions in Bitcoin at the range of 95500-96000, with a target of 98000.
Long positions in Ethereum at the range of 1800-1830, with a target of 1900.
