The evening market, as previously mentioned, is moving in a fluctuating range. Bitcoin is overall oscillating widely between the range of 102800 to 104300, and Ethereum is following the trend of Bitcoin, pulling back after a rise. We are strategically positioning our long positions in Ethereum and Bitcoin. Ethereum has also successfully captured over 70 points in the range, while Bitcoin has smoothly gained over 800 points of space. We do not pursue speed for the sake of it, but rather care about the quality of each step. Solidifying our foundation is essential to building a successful high-rise.
The four-hour structure of Bitcoin still maintains a W shape. The price has not been able to break through the resistance level during the day, remaining stable within the range. The one-hour structure shows a high position under pressure with signs of a pullback, and the support below is showing signs of moving up. The MACD histogram energy bars are shrinking, and energy is being consumed too quickly. In the future, we can look for a rebound in price comparison.
In the early morning, the suggested operation is to buy on the pullback:
Bitcoin: Buy in the range of 102800-103200, target 105000
Ethereum: Buy in the range of 2550-2580, target 2650
