Sunday Midnight Bitcoin Ethereum Latest Market Analysis
Looking back at the evening's bullish strategy, it successfully reached expectations. The evening's plan to buy on the dip saw a decline that touched around the 95100 level, followed by a rebound to around the 95600 level. Friends who followed the strategy should have gained quite a bit. Currently, the market is oscillating around the 95300 level for correction, and at midnight we will continue to adhere to the strategy of buying on the dip.
Based on the current market situation, the four-hour level shows a step-like downward trend reaching the lower Bollinger Band. Currently, the bulls have provided some rebound, but the rebound strength is weak, and the MACD histogram remains in negative territory diverging below the zero axis. Therefore, the overall trend remains weak. From the one-hour level, the market experienced a slight rebound and then resumed downward movement. The Bollinger Band is opening downwards, and the RSI indicator shows clear signs of a downward turn in all three lines. Therefore, for midnight operations, we will continue to maintain a low long strategy. In the short term, a light position can be taken to test for a short position to see if it can break the key support level of 95000. If it successfully breaks down, we will then pursue a long position.
Evening operation suggestions:
Buy Bitcoin in the range of 94500-95000, target 97000.
Buy Ethereum in the range of 1770-1800, target 1880.
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