Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Recently, the real market has been quite busy, and there hasn't been much rest on the way to making profits. The sharing of strategies and achievements has also decreased. Now I take a moment to analyze for my friends. Looking back at the morning's suggestion to buy on a pullback, it has been perfectly realized. The actual market pulled back to around the 105800 line in the morning, then began to rebound and surged to the high point around the 107700 line. The bull market has arrived as expected, and the bulls still dominate; we firmly believe in a bullish outlook. Currently, the actual market is oscillating around the 107400 line. We will continue to maintain the buy-on-pullback strategy during the afternoon. We can short at a high price and wait for a pullback; aggressive traders can short lightly now, while conservative traders should wait for an appropriate point to position themselves.
The 4-hour chart for Bitcoin shows a secondary dip and rebound, with a large bullish candle breaking the weak downward trend. Additionally, the downward channel is not very strong, stabilizing at the lower boundary, showing signs of a double bottom and rebound. Today's operation should aim to buy on dips above yesterday's low, looking towards the neutral level.
The 4-hour chart for Ethereum shows a short-term structure relying on the middle track for an upward oscillation. However, this wave of rise also involves a rise and pullback. After an initial spike, a medium bearish candle retraced, then slowly stabilized. Previously, it was a recovery from the lower boundary, now returning to oscillate in the middle-upper boundary range; it hasn't fully broken through yet and may still show repeated high spikes and pullbacks in the short term. Pay attention to the resistance at the upper boundary in operations. Follow through after a breakthrough. A breakthrough opens up upward space; if it doesn't break, it will continue to oscillate.
Afternoon Trading Suggestions:
Bitcoin: Buy in the 106000-106500 range, target 108000.
Ethereum: Buy in the 2500-2530 range, target 2600.
#比特币 #比特币走势分析