Thursday Midnight Bitcoin and Ethereum Market Analysis and Daily Summary
Reviewing the intraday market, during the morning phase, Bitcoin bulls released significant momentum, with the price rebounding from a low of 103426, strongly climbing to the 105185 level. Subsequently, the market entered a short-term correction. Due to the recent closure of the U.S. stock market, the market maintained a fluctuating consolidation pattern during the day, with intraday lows probing around 104400. In the afternoon, the price rose again, making a second attempt to reach 105184, but then faced selling pressure and fell back, currently fluctuating around 104000. Today's overall strategy is bullish, but the price has attempted to break through the 105200 level multiple times without success, encountering strong selling pressure, and the support level below has not been broken down. Although today’s market is mainly characterized by narrow range fluctuations, intraday operations were primarily short-term, with Bitcoin accumulating over 3000 points of space and Ethereum gaining over 100 points.
We have consistently emphasized the strategy of buying on dips today. The market retested as expected in the early morning, and Lao Tian has been busy with actual trading, leaving no time to share much about today's operations, which have concluded successfully. The short-term has confirmed that it is not a time cycle but rather a gradual rebound entering a corrective rhythm. The overall upward trend is steady, the bullish pattern is solid, and prices are steadily rising, constantly refreshing high points and raising low points, which is a characteristic of a strong market. Each dip serves as a buildup for the bulls. Following a series of upward candles, a dip should be viewed as an entry opportunity rather than a trend reversal signal. The extent and space of the pullback are relatively insignificant compared to the upward trend, merely a brief slowdown in rhythm, and will not change the final direction of the bullish trend.
Trading Suggestions:
Bitcoin in the range of 103800-104300, target 105500,
Ethereum in the range of 2470-2500, target 2550.
#币安Alpha上新
Reviewing the intraday market, during the morning phase, Bitcoin bulls released significant momentum, with the price rebounding from a low of 103426, strongly climbing to the 105185 level. Subsequently, the market entered a short-term correction. Due to the recent closure of the U.S. stock market, the market maintained a fluctuating consolidation pattern during the day, with intraday lows probing around 104400. In the afternoon, the price rose again, making a second attempt to reach 105184, but then faced selling pressure and fell back, currently fluctuating around 104000. Today's overall strategy is bullish, but the price has attempted to break through the 105200 level multiple times without success, encountering strong selling pressure, and the support level below has not been broken down. Although today’s market is mainly characterized by narrow range fluctuations, intraday operations were primarily short-term, with Bitcoin accumulating over 3000 points of space and Ethereum gaining over 100 points.
We have consistently emphasized the strategy of buying on dips today. The market retested as expected in the early morning, and Lao Tian has been busy with actual trading, leaving no time to share much about today's operations, which have concluded successfully. The short-term has confirmed that it is not a time cycle but rather a gradual rebound entering a corrective rhythm. The overall upward trend is steady, the bullish pattern is solid, and prices are steadily rising, constantly refreshing high points and raising low points, which is a characteristic of a strong market. Each dip serves as a buildup for the bulls. Following a series of upward candles, a dip should be viewed as an entry opportunity rather than a trend reversal signal. The extent and space of the pullback are relatively insignificant compared to the upward trend, merely a brief slowdown in rhythm, and will not change the final direction of the bullish trend.
Trading Suggestions:
Bitcoin in the range of 103800-104300, target 105500,
Ethereum in the range of 2470-2500, target 2550.
#币安Alpha上新
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,746.31
+0.17%
ETH
2,527
+0.59%
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