Tuesday Afternoon Thoughts, Bitcoin and Ethereum Latest Market Analysis
Looking back at the long position strategy provided during the afternoon, it perfectly materialized. During the afternoon session, the market went through a fluctuating decline, touching a low around the 101400 level, and then stabilized, rebounding twice to test around the 102900 level. In Lao Tian's strategy, the bullish sentiment was continuously emphasized. During the afternoon session, decisive long positions were laid out, resulting in a 1323-point gain before exiting. Friends who followed along profited handsomely. The intraday market is exhibiting range-bound fluctuations, providing opportunities for both bulls and bears. It depends on how friends manage their trades. Currently, the live market is fluctuating around the 102800 level, and we continue to maintain a strategy of buying on dips this afternoon. Attention! Friends need to focus on the upcoming release of the U.S. CPI data at 20:30 tonight!
As the influence of the fundamentals wanes, after a period of consolidation, we will still return to a market driven by technical factors. On the four-hour chart, the price is operating around the lower boundary, with the volume of selling not decreasing, but the downward trend of KDJ is slowing down, significantly reducing the possibility of a deep pullback today. On the hourly chart, all three lines are heading downwards, with KDJ crossing and continuing to decline, showing significant short-term downward pressure, but the volume of selling is noticeably decreasing, indicating a clearer sign of a bottom, with short-term fluctuations likely moving upward.
Afternoon Trading Suggestions:
Bitcoin in the range of 101500-102000, target 103500.
Ethereum in the range of 2400–2440, looking at 2520.
Aggressive traders can try small positions to catch the continuation of the rebound. If Bitcoin breaks above 103, increase long positions; Ethereum to follow suit.
#比特币走势分析 #比特币
Looking back at the long position strategy provided during the afternoon, it perfectly materialized. During the afternoon session, the market went through a fluctuating decline, touching a low around the 101400 level, and then stabilized, rebounding twice to test around the 102900 level. In Lao Tian's strategy, the bullish sentiment was continuously emphasized. During the afternoon session, decisive long positions were laid out, resulting in a 1323-point gain before exiting. Friends who followed along profited handsomely. The intraday market is exhibiting range-bound fluctuations, providing opportunities for both bulls and bears. It depends on how friends manage their trades. Currently, the live market is fluctuating around the 102800 level, and we continue to maintain a strategy of buying on dips this afternoon. Attention! Friends need to focus on the upcoming release of the U.S. CPI data at 20:30 tonight!
As the influence of the fundamentals wanes, after a period of consolidation, we will still return to a market driven by technical factors. On the four-hour chart, the price is operating around the lower boundary, with the volume of selling not decreasing, but the downward trend of KDJ is slowing down, significantly reducing the possibility of a deep pullback today. On the hourly chart, all three lines are heading downwards, with KDJ crossing and continuing to decline, showing significant short-term downward pressure, but the volume of selling is noticeably decreasing, indicating a clearer sign of a bottom, with short-term fluctuations likely moving upward.
Afternoon Trading Suggestions:
Bitcoin in the range of 101500-102000, target 103500.
Ethereum in the range of 2400–2440, looking at 2520.
Aggressive traders can try small positions to catch the continuation of the rebound. If Bitcoin breaks above 103, increase long positions; Ethereum to follow suit.
#比特币走势分析 #比特币
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BTC
104,065.24
+1.26%
ETH
2,588.41
+3.77%
