Wednesday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Looking back at the early morning analysis, Lao Tian reminded friends of the entry point, which was accurately predicted. In practice, as expected, there were several pullbacks to around the 105700 line, and we decisively positioned long trades to capture 861 points of profit before exiting. The Ethereum layout was also progressing simultaneously. This is the charm of practical guidance; with expectations in mind, there are also unexpected gains. How did everyone perform during the trading session? Did you have any pleasant surprises? We maintain the strategy of buying on pullbacks this afternoon.
The current market shows that Bitcoin's overall trend is still upward, with continuous gains and multiple tests of the upper resistance level at 106800. The previously formed pin-shaped K-line at the bottom can be seen as confirming the support area at 103900-104600 (the first support level). As long as this support area is not effectively broken, we continue to hold a bullish view. Although Ethereum has slightly retraced, the bullish performance remains strong, and the low point of 2416 reached during the early morning pullback has not been broken. The smaller time frame has again shifted into a narrow consolidation structure. Overall, the main trend remains bullish; the current slight pullback falls within the normal scope of technical correction. As long as the key support holds, we continue to be bullish. If there is an effective break of the key support below, the trend direction will need to be reassessed. Specific operations should follow practical guidance.
Trading Suggestions:
Bitcoin buy in the range of 105500-106000, targeting 107000.
Ethereum buy in the range of 2410-2430, targeting 2500.
#加密市场反弹
Looking back at the early morning analysis, Lao Tian reminded friends of the entry point, which was accurately predicted. In practice, as expected, there were several pullbacks to around the 105700 line, and we decisively positioned long trades to capture 861 points of profit before exiting. The Ethereum layout was also progressing simultaneously. This is the charm of practical guidance; with expectations in mind, there are also unexpected gains. How did everyone perform during the trading session? Did you have any pleasant surprises? We maintain the strategy of buying on pullbacks this afternoon.
The current market shows that Bitcoin's overall trend is still upward, with continuous gains and multiple tests of the upper resistance level at 106800. The previously formed pin-shaped K-line at the bottom can be seen as confirming the support area at 103900-104600 (the first support level). As long as this support area is not effectively broken, we continue to hold a bullish view. Although Ethereum has slightly retraced, the bullish performance remains strong, and the low point of 2416 reached during the early morning pullback has not been broken. The smaller time frame has again shifted into a narrow consolidation structure. Overall, the main trend remains bullish; the current slight pullback falls within the normal scope of technical correction. As long as the key support holds, we continue to be bullish. If there is an effective break of the key support below, the trend direction will need to be reassessed. Specific operations should follow practical guidance.
Trading Suggestions:
Bitcoin buy in the range of 105500-106000, targeting 107000.
Ethereum buy in the range of 2410-2430, targeting 2500.
#加密市场反弹
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
107,092.44
+1.95%
ETH
2,426.86
+0.65%