Midnight Thoughts on Sunday, Latest Market Analysis and Summary for Bitcoin and Ethereum
Looking back at the evening's long position strategy, it perfectly paid off. The live trading touched the 93500 line twice before starting to rebound. Friends who followed the strategy should have gained quite a bit. We captured a profit of 660 points from our evening live trading layout. Now, speaking of the morning, we also provided a strategy to buy on the pullback, which quickly rebounded after touching the 93500 line, giving us nearly 500 points of space. In the afternoon, we continued to maintain our strategy, and our live layout for long positions captured a profit of 718 points before exiting. The daily market fluctuated mainly in the 94800-93500 range, with our live long and short positions constantly switching, which we emphasized in our strategy. Today's live layout captured a profit of point shifts, and we still maintain the strategy of buying on the pullback at midnight.
Currently, the Bitcoin market shows a coexistence of oversold rebounds and bullish accumulation. From a technical perspective, although the MACD indicator at the 4-hour level remains in the negative zone, the green bars have obviously begun to converge, indicating a continuous decline in bearish momentum. It is worth noting that at the 93000 level, a double bottom support pattern has formed at the 1-hour level, and the continuous long lower shadows on the candlestick chart indicate strong defensive posture of bulls in the lower Bollinger Band area.
Evening Trading Suggestions:
Buy Bitcoin in the 93400-93700 range, targeting 96000.
Buy Ethereum in the 1760-1780 range, targeting 1850.