Thursday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Reviewing the afternoon's suggestion to buy on pullback, the market retraced to around the 110200 line, then quickly rebounded and climbed to around the 111500 line. Our afternoon strategy was perfectly executed, and in reality, we made a profit of 933 points on the long position. Currently, the market is quite volatile, and there are opportunities to trade both long and short at the right levels. Friends, you must control your hands and strictly manage your positions. We have secured two consecutive wins in the day trading, and the market is currently at 111100. We will continue to maintain the strategy of buying on pullbacks this evening.
Looking at the overall market, after reaching a high, it has pulled back, but the space is limited and has not broken below the key short-term support level. At the same time, the price levels are fluctuating frequently, with a longer period of short-term adjustment. On the four-hour chart, the price is running near the upper boundary, and after a sustained climb, the pullback has not damaged the upward momentum above fifty. The technical indicators, after a brief turn, have not shown continuation, and the subsequent rebound has stabilized above 111000, with short-term upward momentum strengthening again. On the hourly chart, the trend after the pullback is even more evident, and the technical indicators have also reversed upwards, indicating a short-term upward fluctuation. Aggressive traders may try a small long position, while conservative traders should wait for a pullback to build strength before making a move.
Trading Suggestions:
Buy in the 110500-111000 range for Bitcoin, targeting 112000.
Buy in the 2580-2610 range for Ethereum, targeting 2680.
