Thursday Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions
Looking back at the bullish outlook provided this morning, the actual market showed a first rise followed by a dip, touching around the 103800 line, with no significant breakout from the bulls thereafter. A decent retracement followed, and we have consistently emphasized buying on the dip in our strategy. Currently, the market is oscillating around the 102500 line,
From the rhythm of the market, the bullish strength remains strong. Despite facing multiple tests of the dip, there has been no substantial breakdown at key support levels. Therefore, in the afternoon, we continue to maintain the strategy of buying on the dip, observing whether the market can stop the decline around the 102500 line. If it breaks down, we will look at the 102000 line. The main strategy is to buy high and sell low within the range for Bitcoin, with Ethereum moving in sync.
From the daily level analysis, Bitcoin has recorded two consecutive bearish days, and the Bollinger Bands are gradually narrowing, indicating that the market is entering a consolidation phase, with price fluctuations narrowing down. Both bulls and bears are engaging in a game of chess within a small price range. Although the short-term trend is relatively strong, the bulls lack sufficient momentum to break through the upper resistance decisively, and the market is in a state of accumulation. Looking at the 4-hour level, we are currently in a retracement and correction process; it is essential to pay close attention to the strength of the retracement and whether it can stabilize and rebound at the support level, as this will provide critical guidance for the short-term trend direction.
Trading Suggestions
Go long in the Bitcoin range of 102000 - 102500,
Target 104000.
Go long in the Ethereum range of 2500 - 2550, target 2650.
#比特币 #比特币走势分析
Looking back at the bullish outlook provided this morning, the actual market showed a first rise followed by a dip, touching around the 103800 line, with no significant breakout from the bulls thereafter. A decent retracement followed, and we have consistently emphasized buying on the dip in our strategy. Currently, the market is oscillating around the 102500 line,
From the rhythm of the market, the bullish strength remains strong. Despite facing multiple tests of the dip, there has been no substantial breakdown at key support levels. Therefore, in the afternoon, we continue to maintain the strategy of buying on the dip, observing whether the market can stop the decline around the 102500 line. If it breaks down, we will look at the 102000 line. The main strategy is to buy high and sell low within the range for Bitcoin, with Ethereum moving in sync.
From the daily level analysis, Bitcoin has recorded two consecutive bearish days, and the Bollinger Bands are gradually narrowing, indicating that the market is entering a consolidation phase, with price fluctuations narrowing down. Both bulls and bears are engaging in a game of chess within a small price range. Although the short-term trend is relatively strong, the bulls lack sufficient momentum to break through the upper resistance decisively, and the market is in a state of accumulation. Looking at the 4-hour level, we are currently in a retracement and correction process; it is essential to pay close attention to the strength of the retracement and whether it can stabilize and rebound at the support level, as this will provide critical guidance for the short-term trend direction.
Trading Suggestions
Go long in the Bitcoin range of 102000 - 102500,
Target 104000.
Go long in the Ethereum range of 2500 - 2550, target 2650.
#比特币 #比特币走势分析
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BTC
102,020.52
-1.02%
ETH
2,519
-2.08%