Wednesday evening Bitcoin and Ethereum latest market analysis
Focus on the support situation below 104000.
Wednesday Evening Bitcoin Ethereum Market Analysis and Trading Suggestions
Looking back at our afternoon suggestion to buy on the dip, the market indeed touched the lowest point near 104100 as expected. Old Tian emphasized this short-term support level of 104000 multiple times during the day. Currently, the market has not significantly broken below this support. We will continue to maintain a bullish outlook this evening. Aggressive traders can buy directly at the current price, while conservative traders should pay attention to the stability around the 104000 level and make reasonable adjustments based on their positions.
We are currently in a high-level tug-of-war between bulls and bears, and the overall strength remains unchanged. The pullback has not completely reversed the recent upward movement. Today has shown a slow upward trend; although not very strong, it is sustained. However, considering that there have been multiple instances of insufficient rebound space, we need to be cautious of potential pullback space. The four-hour chart has shown multiple instances of probing high and then retreating, which can only be seen as consolidation rather than strong movement. There will still be competition this week. The four-hour chart has repeatedly tested high points and retraced back below support. If the upper level stabilizes, we will continue to maintain a bullish outlook; if it fails to hold, it will turn to a pullback. In the short term, it may present a prolonged period of oscillation. There are changes in both bullish and bearish sentiments.
Trading Suggestions:
Buy Bitcoin directly at 104000-104300, targeting 106500.
If it breaks below the 104000 level, it would not be too late to reverse positions.
Buy Ethereum directly at 2470-2500, targeting 2600.
#币安Alpha上新
Looking back at our afternoon suggestion to buy on the dip, the market indeed touched the lowest point near 104100 as expected. Old Tian emphasized this short-term support level of 104000 multiple times during the day. Currently, the market has not significantly broken below this support. We will continue to maintain a bullish outlook this evening. Aggressive traders can buy directly at the current price, while conservative traders should pay attention to the stability around the 104000 level and make reasonable adjustments based on their positions.
We are currently in a high-level tug-of-war between bulls and bears, and the overall strength remains unchanged. The pullback has not completely reversed the recent upward movement. Today has shown a slow upward trend; although not very strong, it is sustained. However, considering that there have been multiple instances of insufficient rebound space, we need to be cautious of potential pullback space. The four-hour chart has shown multiple instances of probing high and then retreating, which can only be seen as consolidation rather than strong movement. There will still be competition this week. The four-hour chart has repeatedly tested high points and retraced back below support. If the upper level stabilizes, we will continue to maintain a bullish outlook; if it fails to hold, it will turn to a pullback. In the short term, it may present a prolonged period of oscillation. There are changes in both bullish and bearish sentiments.
Trading Suggestions:
Buy Bitcoin directly at 104000-104300, targeting 106500.
If it breaks below the 104000 level, it would not be too late to reverse positions.
Buy Ethereum directly at 2470-2500, targeting 2600.
#币安Alpha上新
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,360
+0.38%
ETH
2,507.74
+1.46%