Friday midnight Bitcoin and Ethereum market analysis and daily summary
Early Saturday morning, the Bitcoin market showed new fluctuations. After testing the bottom support again in the afternoon, it started a rebound correction immediately. Bitcoin reached a daily high of 106,500, while Ethereum also rose to around 2,568, demonstrating the market's short-term resilience. Since Wednesday, the market has experienced several oscillations, and this rebound after hitting the bottom aligns with expectations. Although the market dipped again in the early morning, it stabilized around 102,200, and the long position strategy attempted in the evening hit the stop-loss, the overall daily profit far exceeded this single loss. In this market, seizing opportunities hinges on understanding the rhythm rather than simply chasing highs and lows. Otherwise, even the best market conditions can be difficult to convert into actual profits.
From the current situation, the early morning market first pulled back and then tested the bottom again, but the support below is strong. After a slight retracement, bulls pushed the price higher again. Although the rebound shows a slow recovery characteristic, it reflects the resilience of the bulls. On an hourly basis, the price oscillates under pressure between the upper and lower Bollinger Bands. Although it has not yet strongly broken through the previous high, the support below is solid, and the lower lows are gradually rising, indicating that the market is in a phase of oscillation and accumulation. Combined with the daily chart, it may form a doji bullish candle, and the short-term range-bound pattern may continue. Overall, we are more inclined to seize the opportunity to go long after a pullback, utilizing the oscillation and accumulation phase to position long positions.
Operational suggestions:
Bitcoin in the 102,500-103,000 range, look for 104,000,
Ethereum in the 2,380-2,400 range, look for 2,500.
#美联储FOMC会议
Early Saturday morning, the Bitcoin market showed new fluctuations. After testing the bottom support again in the afternoon, it started a rebound correction immediately. Bitcoin reached a daily high of 106,500, while Ethereum also rose to around 2,568, demonstrating the market's short-term resilience. Since Wednesday, the market has experienced several oscillations, and this rebound after hitting the bottom aligns with expectations. Although the market dipped again in the early morning, it stabilized around 102,200, and the long position strategy attempted in the evening hit the stop-loss, the overall daily profit far exceeded this single loss. In this market, seizing opportunities hinges on understanding the rhythm rather than simply chasing highs and lows. Otherwise, even the best market conditions can be difficult to convert into actual profits.
From the current situation, the early morning market first pulled back and then tested the bottom again, but the support below is strong. After a slight retracement, bulls pushed the price higher again. Although the rebound shows a slow recovery characteristic, it reflects the resilience of the bulls. On an hourly basis, the price oscillates under pressure between the upper and lower Bollinger Bands. Although it has not yet strongly broken through the previous high, the support below is solid, and the lower lows are gradually rising, indicating that the market is in a phase of oscillation and accumulation. Combined with the daily chart, it may form a doji bullish candle, and the short-term range-bound pattern may continue. Overall, we are more inclined to seize the opportunity to go long after a pullback, utilizing the oscillation and accumulation phase to position long positions.
Operational suggestions:
Bitcoin in the 102,500-103,000 range, look for 104,000,
Ethereum in the 2,380-2,400 range, look for 2,500.
#美联储FOMC会议
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BTC
103,236
-1.36%
ETH
2,412.43
-4.45%