Looking back at the market trends during the afternoon, Bitcoin's price peaked after a rise in the morning, reaching a maximum of 110,653 before facing resistance. Subsequently, Bitcoin's price has been exhibiting a slow downward trend. Overall, the market is still operating above the 109,000 mark. Ethereum has shown a continuous upward trend from yesterday to this afternoon. This morning, it reached a high of 2,726 under pressure, followed by a slight pullback for consolidation. Today, we successfully captured a space of 2,959 points for Bitcoin and 210 points for Ethereum.
In the short term, the market will continue to rotate in a complex environment of intertwining bullish and bearish sentiments, with the market fluctuating like waves—sometimes surging sharply upward, and at other times stalling or retreating. Even when a downtrend initially appears, it can quickly rebound, making the swift shifts between bullish and bearish scenarios astonishing. Therefore, in the short-term market structure, blindly chasing a one-sided trend may lead to a passive predicament. On the four-hour level, after the bullish sentiment erupted, the market experienced a strong surge, and currently, after the peak, it has retraced. This indicates that the short-term market is brewing new momentum. To achieve a rebound and recover the trend while returning to a bullish stance, it must first undergo deep fluctuations and adjustments to pave the way for subsequent upward movements. The evolution of market trends is not achieved overnight but follows the natural law of oscillating upward, followed by short-term corrections and then renewed surges, which is a healthy way for the market to progress steadily. On Tuesday afternoon, it is advised to observe the strength of the pullback before participating in low buying, with a key focus on the 109,000 threshold. If it breaks below, then it is advisable to short. If it does not break below, the market will likely continue to operate in a sideways oscillation.