Tuesday Midnight Bitcoin Ethereum Market Analysis and Daily Summary
Tuesday's market has come to a close. Looking back at the day's high short strategy, Bitcoin started to rise last night and touched the 106050 line in the morning before facing pressure and falling back. During the day, the price basically oscillated between the 105000-106000 range. In the evening, Bitcoin slightly rebounded and broke through the 106000 level, but was unable to maintain the upward momentum and ultimately fell below that level again. As for Ethereum, the price retraced to around 2374 in the afternoon and rebounded, showing a slow upward trend in the evening, and is currently still gradually climbing.
Choosing the right direction is more important than blind effort; following the right people is wiser than trying to figure things out alone; taking steady steps is more reliable than pursuing shortcuts. Let us be the wise ones who remain in the market's turbulent waves, rather than mere passersby who exit midway.
From the current four-hour level, the market is still operating below the upper Bollinger Band. Although the K-line shows a three consecutive bullish pattern, the bullish candlestick bodies are generally small, indicating that the pressure from the upper Bollinger Band is still effective in the short term, and the bulls have not been able to effectively open up upward space. Meanwhile, the KDJ indicator's three lines have entered the overbought zone, with no obvious signs of upward divergence. Given the lack of strong breakthrough momentum from the bulls, it is expected that the probability of the market moving downward after consolidation is increasing. Currently, the short-term strong resistance is still at 106800. For the bulls to gain continuity, they need to stabilize here. We still maintain a high short strategy at midnight, and for the aggressive traders, a direct short position at the current price is suggested.
Trading Suggestions:
Short Bitcoin in the 106000-106500 range, targeting 104500.
Short Ethereum in the 2480-2500 range, targeting 2400.