Tuesday Morning Bitcoin and Ethereum Latest Market Analysis
Looking back at yesterday's midnight strategy, the long position successfully reached our expectations. The actual performance aligns closely with the expected pullback points mentioned in our strategy. The actual performance went down to the low of around 93800 before stabilizing and starting to rebound. Currently, it has been climbing and briefly broke the 95100 mark while showing a subtle upward trend. Friends who followed the strategy have gained a lot from this wave. This morning, we still maintain the strategy of waiting for a pullback before entering. In the short term, it’s advisable to take light positions to test the upside continuation. Those who prefer a more cautious approach should wait for pullback opportunities before making their layouts.
Currently, the price comparison is also temporarily maintaining a high-level fluctuation on the daily chart. Looking at the current market trend, short-term pullbacks will not significantly change the overall trend. From any perspective, the short-term trend is dominated by bulls. In terms of the larger cycle structure, the current price is showing a steady upward trend, with each rise accompanied by slight technical adjustments. This rhythm provides us with excellent entry opportunities, encouraging us to actively place long orders during each pullback. Pullbacks not only consolidate previous gains but also build momentum for future increases. It’s worth noting that the current rebound momentum is gradually surpassing the intensity of the pullback, indicating an overall strengthening market trend. In this environment, the smaller the pullback, the greater the potential for upward movement.
Operational suggestions:
Bitcoin in the 94000-94500 range, targeting 96000.
Ethereum in the 1780-1800 range, targeting 1880.
