Tuesday Afternoon Thoughts, Latest Bitcoin Market Analysis
Reviewing the long position strategy given during lunchtime, although the actual market did not reach the expected pullback, our lunchtime strategy mentioned that short-term positions could be cautiously taken to look for upward continuation. In the afternoon, the market touched around the 94600 level before starting to oscillate within a range. Those who followed along should have gained some rewards. Currently, the market is oscillating near the 94500 level, and our afternoon strategy still maintains a focus on buying the dip.
On the four-hour level, the MACD momentum bars are shrinking, and the fast and slow lines are nearly merging, with further corrections still expected. From the performance of trading volume, we can also clearly feel that the market is gradually recovering, so our afternoon strategy is naturally to remain bullish, continuing to look for opportunities to buy on the dip.
Afternoon Trading Suggestions:
Buy in the range of 93600-94300, target 96500.
