The afternoon market for $BTC is basically just oscillating back and forth, slowly grinding down. Bitcoin is testing the threshold of 105000 back and forth, with alternating bullish and bearish candlesticks. To put it plainly, the support below is still quite strong, and it hasn't really broken down yet. The overall direction is still bullish, and it is estimated that it can push up further. The current price is hovering around 105000. Ethereum, on the other hand, has been quite straightforward in the afternoon, slowly sliding down. As we mentioned before, we will enter long positions during the pullback, and we will continue with that strategy tonight.
Looking at the four-hour chart, Bitcoin had several consecutive large bullish candlesticks before making a slight adjustment. Although red bars have appeared, the support from below is still quite strong, preventing a significant drop. Tonight, we will focus on the range of 104500-106000; whichever side breaks first will determine our strategy. In any case, our strategy remains unchanged: if it drops, we will buy the dip, aiming for the previous high of 107000. For Ethereum, the four-hour chart is showing bearish candlesticks, and the price is continuously sliding down, but the bears are not exerting much pressure. It is expected that tonight it will linger around 2500 for a while; we will wait for it to stabilize in the range of 2480-2500 before taking action, which will be more prudent.
Operational arrangements:
If Bitcoin can pull back to the range of 104000-104500, enter long positions directly, targeting 107000.
If Ethereum drops to around 2460-2480, close your eyes and go long, initially targeting the position of 2570.
This is my personal opinion and does not constitute investment advice.
What to do if you are stuck? When to buy the dip? Still the same saying, if you're uncertain and looking for references? You need strategies, and I need resonance; we complete each other.
Focus for the day: OM SUI SOL FUN BTC
