Thursday Midnight Bitcoin Ethereum Latest Market Analysis and Trading Suggestions
Looking back, the bullish outlook provided in the evening has perfectly materialized. Although the actual market pullback exceeded our psychological expectations, we have consistently adhered to the strategy of buying the dips. Friends who followed along should have gained quite a bit. In the evening, Bitcoin touched around the 101200 line, while Ethereum synchronized with a pullback to around the 2470 line. Lao Tian repeatedly emphasized buying the dips in the strategy. It is precisely because the bulls have remained strong in recent days that maintaining a consistent approach can lead to victory. Of course, we also make timely adjustments based on the actual market. The strategies provided by Lao Tian are for friends' reference, as there is always some delay involved. Friends who have been following Lao Tian for a while should have seen the continuous victories. Currently, the actual market is oscillating around the 103700 line. In the evening, we will continue to maintain the strategy of buying on the dips.
Currently, the daily chart has continuously closed with gains, and the price has broken through previous highs and stabilized, forming a bottom reversal structure. This pattern usually indicates that the bulls are in control, with previous resistance levels turning into support levels, making a continuation of the trend likely. However, it should be noted that after a continuous 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 gains, there was only a small pullback with minor bearish candles, and the pullback was quickly recovered by the bulls, with support levels gradually rising. This type of 'strong correction' indicates that market selling pressure is light and that the main funds have not exited. Therefore, overall in the evening, we will still stick to the strategy of buying on the dips for the subsequent arrangements.
Trading Suggestions:
Buy Bitcoin in the range of 102500-103000, with a target of 105000. Buy Ethereum in the range of 2530-2550, with a target of 2650.
