Tuesday evening thoughts, Bitcoin and Ethereum latest market analysis
The data release did not significantly stimulate market sentiment, and the overall volatility remains in a trend of fluctuating upward. Therefore, we maintain our target unchanged. Looking back at the afternoon, the long position strategy perfectly met expectations, and we captured a profit of 523 points from our afternoon positioning. The evening focuses on the trend; do not think you can hold on for more, exit on pullbacks, and do not wake up only after being trapped. Currently, the market is oscillating around the 103500 level, and we continue to maintain the strategy of buying on dips this evening.
The current market structure, after a pullback, has provided a corresponding rebound, recovering most of the lost ground. The middle line on the 4-hour chart serves as a watershed for bulls, with 103000 still relatively stable. Above the middle line, we continue to maintain a bullish outlook. For intraday short-term operations, we rely on the 103000 level as a critical point to buy on dips. Strong momentum leads to shallow pullbacks; deep pullbacks turn into oscillation. On the 4-hour chart, consecutive bullish candles successfully break the weak downward trend, with the price returning to oscillate near the middle line. Judging from the closing situation of the K-line, the short-term rebound remains strong. The current trend is continuously confirming higher points, coupled with the favorable CPI news at 8:30, thus the bulls will slowly gain momentum. Everyone should boldly push upwards!
Trading suggestions:
Bitcoin: range of 103000-103500, target 105000
Ethereum: range of 2480-2500, target 2600.
#比特币 #比特币走势分析