Daily Market Share BTC.ETH 5.27
Good evening, brothers. Currently, the market shows that the four-hour Bitcoin is moving towards a triangle convergence breakout, and it is highly likely to go up. This wave will reach 115000-120000, with institutions entering at an average price of 106-1075. To entice the bulls to enter, the main force has also put in a lot of thought. So we can chase a bit on the long side, haha.
Back to the chart, currently, we need to pay attention to the 1085-1075 level on the four-hour Bitcoin chart. If it does not break below this level, the bullish momentum will be strong, and we can continue to test the 110550-111900 level. A breakout and a retest of the high point will be the time to enter. Looking up at 115000-120000, if it breaks below, we continue to look down at 106000 for strong support and a rebound! $BTC
Then there’s Ethereum.
On the daily level, it has been in a wide range of 2450-2635, forming a bottom. After so many days of bottoming, there is a high probability it will reach the 3000 level. The four-hour chart focuses on the 2635-2580 levels. If it doesn’t break below, it needs to break the high of 2738 to reach the 2850-3000 range. If it breaks below, we will look at the 2535-2480 levels. Altcoins are still altcoins; they cannot be viewed with conventional thinking! $ETH
For intraday operations:
You can go long on Bitcoin if it breaks through 111900 and retests to enter,
Or buy at 1085-1075.
Looking at 115000-120000.
For Ethereum, look for long opportunities at the 2535-2480 levels.
For aggressive entries, look at 2580-2635.
If opportunities arise, get on board and look at 2850-3000.
If the market trend changes, adjust in time. We are not static. Following the trend will increase the win rate! You can temporarily avoid short positions and wait for target levels to gradually layout strategies.