Midnight Thursday Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions
Looking back at the bullish outlook provided in the evening, it was perfectly realized. Although the actual market pullback exceeded our psychological expectations, we consistently adhered to the strategy of buying on the dip. Those who followed along should have benefited significantly. Last night, Bitcoin touched around the 101200 mark, while Ethereum pulled back to around 2470. Old Tian repeatedly mentioned buying on the dip in the strategy. It's precisely because the bulls remain strong recently and we are committed to this strategy that victory is possible. Of course, we also make timely adjustments based on real market conditions. The strategies given by Old Tian are for friends' reference, and there is a certain delay in them. Friends who have been following Old Tian for a while should have witnessed the recent consecutive victories. The current real market is oscillating and consolidating around the 103700 mark, and we continue to maintain the strategy of buying on the dips.
Currently, the daily chart has continuously closed in the green, with prices breaking through previous highs and stabilizing, forming a bottom reversal structure. This pattern usually indicates that the bulls are in control, with previous resistance levels converting into support levels, and the trend is likely to continue. However, it should be noted that after a consecutive rise, a technical pullback may occur, and we need to observe whether the trading volume continues to expand. The four-hour chart shows that after consecutive green candles, there was only a small bearish candle retreat, and the pullback was quickly recovered by the bulls, with support levels gradually rising. This kind of "strong correction" indicates that market selling pressure is light, and the main funds have not exited. Therefore, overall tonight, we will still proceed with buying on the dips as the strategy for the subsequent deployment. In the short term, a light position can be taken to try buying for a rebound continuation, in sync with Ethereum.
Trading Suggestions:
Buy Bitcoin in the 102500-103000 range, targeting 105000. Buy Ethereum in the 2530-2550 range, targeting 2650.
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