Tuesday evening Bitcoin and Ethereum market analysis and trading suggestions:
On the four-hour level, the cryptocurrency price shows a strong upward trend, and today also exhibits a continuous upward momentum with a large bullish candle. Although we are currently entering a period of volatile consolidation, the bulls have successfully reclaimed most of the lost ground, opening up new upward space. It is expected that after a slight pullback, the price will continue to rise straight up, and may even surge strongly again. In the short term, the market has slightly retreated, but the pullback is controlled, and the price is in a consolidation phase, with bulls poised to take action.
Trading Suggestions
On Tuesday evening, buy Bitcoin around 104500, with an initial target of 106000.
For Ethereum, buy around 2370, with an initial target of 2450.
