Monday evening thoughts, Bitcoin and Ethereum latest market analysis
Looking back at the long position suggested in the evening, the actual trading successfully reached our expected downward target around the 93800 line, then rose to the current 94200 line for consolidation. During the day, the actual trading showed a downward fluctuation, but currently, it seems to stabilize at the 93800 line and start to rebound. Our evening thought still maintains the strategy of buying on dips. Aggressive traders can try to go long with a small position now, while conservative traders should wait for a dip opportunity to plan their positions.
On the daily chart, it continues to run above the middle track, previously testing the support at the 93500 line. After a brief breakdown, it immediately rebounded and recovered. Currently, the pullback lacks significant continuation. In the short term, the market is showing a continuous upward trend. Overall, the current market situation is in the accumulation phase after a second pressure drop. After a pullback and consolidation on the 4-hour chart, it is currently relying on the middle and lower tracks as support for consolidation, with the structure still extending the rebound from the 93800 bottom without showing a rapid high-return shape. From the hourly chart, the short-term upward rebound is likely to continue. After yesterday's consolidation, it further rises, and based on past movements, there hasn't been a high-return pullback, indicating that the short-term momentum is reversing, and a rise is just a matter of time.
Evening trading suggestions:
Go long in the 93400-93700 range for Bitcoin, targeting 96000.
Go long in the 1760-1780 range for Ethereum, targeting 1880.
