In the early hours of today, Bitcoin and Ethereum experienced fluctuations downward. Bitcoin rebounded to the support level of 99,500 before rising to the 106,000 mark.
Technical analysis shows that after the rebound, the market did not experience a deep correction. It is currently in the early stages of an upward trend. After confirming support with a second pullback in the short cycle, prices are expected to continue to rise in the afternoon and evening. The reference value of the indicator moving averages has decreased, and it is recommended to seize the opportunity during the afternoon pullback.
On Tuesday afternoon, Bitcoin will focus on the range of 105,000 - 104,600, buying on dips with a target around 107,000; Ethereum is looking to set up long positions in the range of 2,400 - 2,380, with a profit target around 2,500.
If anyone feels confused due to market fluctuations and doesn't know how to deal with a stuck position, or feels misled during the trading process, feel free to communicate!
