Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
As we move into the afternoon, the bullish outlook we provided in the morning has been validated by the market! Bitcoin started its strong rally around 104300, breaking through the 105000 level. After a brief pullback, the upward trend continues, successfully stabilizing above the key round number. This setup has accurately captured an upward movement of over 1200 points! Friends who follow Lao Tian's strategy must have confidently secured this wave of market movement. For such a daily rhythm, our friends are already accustomed—market trends persist, and Lao Tian continues to provide the most relevant analysis to help achieve our common goals.
Currently, the market is expected to shift into a consolidation pattern, but it is important to note: while there are upward resistances, there are also limitations on the downside. Bulls and bears will oscillate repeatedly between narrow and wide ranges, requiring a higher precision in identifying key support levels. Although Ethereum's space is slightly inferior to Bitcoin's, the overall pattern is highly synchronized, also showing a rebound from the bottom. Currently, the daily chart maintains a small upward candlestick pattern. The hourly chart shows a clear upward trend, with a healthy structure and bullish momentum dominating. The crucial support near the 104000 low we previously emphasized is vital; whether this level can hold is key to determining if we can continue to close higher today (need to closely monitor its gains and losses). If it unexpectedly breaks down, we will adjust our strategy in real time based on smaller time frame patterns. We will continue to maintain our bullish outlook this afternoon! A pullback is a good opportunity to set up long positions.
Trading Suggestions:
Buy Bitcoin at 104600-105000, target 106200
Buy Ethereum at 2500-2520, target 2550.
#币安Alpha上新
As we move into the afternoon, the bullish outlook we provided in the morning has been validated by the market! Bitcoin started its strong rally around 104300, breaking through the 105000 level. After a brief pullback, the upward trend continues, successfully stabilizing above the key round number. This setup has accurately captured an upward movement of over 1200 points! Friends who follow Lao Tian's strategy must have confidently secured this wave of market movement. For such a daily rhythm, our friends are already accustomed—market trends persist, and Lao Tian continues to provide the most relevant analysis to help achieve our common goals.
Currently, the market is expected to shift into a consolidation pattern, but it is important to note: while there are upward resistances, there are also limitations on the downside. Bulls and bears will oscillate repeatedly between narrow and wide ranges, requiring a higher precision in identifying key support levels. Although Ethereum's space is slightly inferior to Bitcoin's, the overall pattern is highly synchronized, also showing a rebound from the bottom. Currently, the daily chart maintains a small upward candlestick pattern. The hourly chart shows a clear upward trend, with a healthy structure and bullish momentum dominating. The crucial support near the 104000 low we previously emphasized is vital; whether this level can hold is key to determining if we can continue to close higher today (need to closely monitor its gains and losses). If it unexpectedly breaks down, we will adjust our strategy in real time based on smaller time frame patterns. We will continue to maintain our bullish outlook this afternoon! A pullback is a good opportunity to set up long positions.
Trading Suggestions:
Buy Bitcoin at 104600-105000, target 106200
Buy Ethereum at 2500-2520, target 2550.
#币安Alpha上新
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,583.86
+0.11%
ETH
2,524.29
+0.69%