Tuesday Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
As expected, the market retraced to around 104500 in the afternoon, and although there was a rebound, Lao Tian's intraday short positions were precisely timed for entry. It is worth noting that the intraday rebound clearly lacked sustainability, and the bulls did not achieve significant results. On the contrary, our high-selling strategy continued its winning streak.
The current market sentiment is strong, and the main trend of the day is shock adjustment. The evening market will be affected by the opening of the US stock market and Powell's speech, which may cause volatility. However, Lao Tian predicts that his views will likely continue the previous arguments, and it will be difficult to have clear guidance on the timing and path of interest rate cuts, which may lead to a “big thunder, little rain” situation. However, friends must also strictly bring a good defense. The reality is that the market is oscillating back and forth near the 105000 line, and it cannot be ruled out that it is the calm before the storm.
Looking at the four-hour level line, multiple impacts on the upper rail in the white market have failed, indicating that the pressure above is significant. The currency price continues to oscillate around the 105000 line, with rapid fluctuations but failing to break through the key position. The short-term direction is unclear. After the upward momentum of the technical indicators has obviously slowed down, the downward pressure has suddenly increased. Looking at the hourly level line, the Bollinger Band pocket continues to shrink, the short-term range is further reduced, and the question of whether the direction can be continued after the key position is broken again.
Trading Recommendations:
In the short term, continue our high-selling strategy. The primary focus is on the support strength of 104500. If it effectively breaks down, you can continue to go short to the 103000 line. The upper resistance focuses on 106000. Only a strong breakthrough of this position can open up the upward space to 107000.
For Ethereum, go short in the 2450-2480 range, looking at 2350.
#加密市场反弹
As expected, the market retraced to around 104500 in the afternoon, and although there was a rebound, Lao Tian's intraday short positions were precisely timed for entry. It is worth noting that the intraday rebound clearly lacked sustainability, and the bulls did not achieve significant results. On the contrary, our high-selling strategy continued its winning streak.
The current market sentiment is strong, and the main trend of the day is shock adjustment. The evening market will be affected by the opening of the US stock market and Powell's speech, which may cause volatility. However, Lao Tian predicts that his views will likely continue the previous arguments, and it will be difficult to have clear guidance on the timing and path of interest rate cuts, which may lead to a “big thunder, little rain” situation. However, friends must also strictly bring a good defense. The reality is that the market is oscillating back and forth near the 105000 line, and it cannot be ruled out that it is the calm before the storm.
Looking at the four-hour level line, multiple impacts on the upper rail in the white market have failed, indicating that the pressure above is significant. The currency price continues to oscillate around the 105000 line, with rapid fluctuations but failing to break through the key position. The short-term direction is unclear. After the upward momentum of the technical indicators has obviously slowed down, the downward pressure has suddenly increased. Looking at the hourly level line, the Bollinger Band pocket continues to shrink, the short-term range is further reduced, and the question of whether the direction can be continued after the key position is broken again.
Trading Recommendations:
In the short term, continue our high-selling strategy. The primary focus is on the support strength of 104500. If it effectively breaks down, you can continue to go short to the 103000 line. The upper resistance focuses on 106000. Only a strong breakthrough of this position can open up the upward space to 107000.
For Ethereum, go short in the 2450-2480 range, looking at 2350.
#加密市场反弹
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BTC
106,580.4
+1.67%
ETH
2,456.08
+2.44%