The long position strategy laid out last night has once again validated the market's resilience. Bitcoin (BTC) experienced a retracement after breaking through the $97,000 level, but quickly stabilized around the support level of $96,122 in the morning, then rebounded to $97,260, realizing a profit margin of a thousand points. This article combines technical analysis and market sentiment to interpret the current market direction and operational ideas.
1. Market Review and Trend Analysis Bitcoin (BTC): Yesterday's daily line closed with a solid bullish candle, breaking through the upper boundary of the previous consolidation range, and the 4-hour chart shows consecutive bullish patterns. The price briefly retraced to confirm support at the mid-line after touching $97,000, and the upper boundary has shifted to $99,000. Short-term indicators like MACD show a continued golden cross, while RSI is neutrally strong (52), indicating that bullish momentum has not diminished. Ethereum (ETH): Similarly, it has formed a rebound pattern from the bottom, with a strong bullish daily candle and limited retracement. The hourly chart shows a strong support zone formed in the $1,830-$1,800 range, with short-term resistance to watch at the $1,900 level. The SKDJ indicator shows that after correcting the overbought area, there is still potential for upward movement.
2. Key Driving Factors Technical Breakthrough: BTC effectively held the psychological level of $96,000, triggering market followers to enter, with increased volume indicating the establishment of a reversal trend. Market Sentiment: There are clear signs of continuous inflows from institutional funds. CoinDesk data shows a net inflow of $120 million yesterday, driving short-term premiums up. Macroeconomic Expectations: After the dovish Federal Reserve minutes were released, the US dollar index has been weakly fluctuating, providing safe-haven premium space for crypto assets.
3. Operational Strategy Bitcoin: Long position range: Accumulate long positions in batches during the retracement of $96,700-$96,200, with a stop loss at $95,500 and a target of $98,800-$99,000.
Short position plan: If it breaks through $99,000, one can chase long to $100,000, with a stop loss at $98,500; if it faces pressure at $99,000, one can lightly short with a target looking back at $98,000.
Ethereum: Long position range: Enter the $1,820-$1,800 range, with a stop loss at $1,780 and a target of $1,900, looking for a breakout to $1,950.
Risk Control: If ETH breaks below the $1,800 support, then adjust the strategy to focus on the $1,760-$1,780 oscillation range.
