6.26 Afternoon Market Analysis: Capture Pullback Opportunities, Focus on Low-Level Long Opportunities
Recently, the cryptocurrency market has continued its strong upward momentum, with Bitcoin's price soaring like an arrow, climbing from the 98000 level all the way up to the 108000 milestone, creating a nearly vertical one-sided rally that has completely ignited market enthusiasm for going long. In this strong pattern, the solid performance of key support levels often conceals highly valuable entry points for long positions. Looking back at Ethereum's trading instance at the 2270 level, it is not difficult to find that the ability to timely perceive trend reversals becomes the key to trading success or failure.
A deep analysis of the 4-hour technical chart shows that the moving average system is gradually converging, appearing to indicate a slowdown in upward momentum, entering a brief consolidation period. However, combining this with the overall strong market structure analysis, the current trend aligns more with characteristics of a bullish continuation pattern. This pattern suggests that after completing a short-term technical pullback, the market is expected to regain upward momentum and initiate a new round of attacks, further opening up upward space.
Precise Operational Strategy Recommendations:
• Bitcoin: Focus on the key support area of 107000. If the price pulls back to this level and stabilizes, showing clear signs of a bottoming out, a gradual accumulation strategy for long positions can be employed. Target price aims for the strong resistance level near 108500 to seize wave profit opportunities.
• Ethereum: Keep a close eye on the important level of 2450. When the price retraces to this level and effectively confirms support, it will be a good opportunity to enter long positions. The upper target is firmly set at the 2550 milestone, capturing price appreciation benefits.
The cryptocurrency market is ever-changing, and market trends fluctuate rapidly. Investors are advised to remain vigilant, closely track market dynamics, and combine their trading rhythm and risk preferences to scientifically formulate trading plans, so as to accurately seize market opportunities and achieve profits amidst volatility.