Thursday Midnight Bitcoin and Ethereum Market Analysis and Daily Summary
Thursday's market closed, reflecting on the day as Lao Tian provided a bullish perspective. The price of Bitcoin peaked around 108200, while Ethereum reached a high of approximately 2520. In the morning session, we maintained a bullish outlook, but as the market evolved, we promptly adjusted our strategy to high sell and low buy within a range, focusing on short-term back-and-forth operations. With the market trends aligning, our arrangements were steady and profitable. Friends who followed the ideas should have gained something. For most, although they can predict the direction, they often struggle with timing exits, lack of on-the-spot experience, and market sentiment interference. They find it hard to hold profits, stop-loss positions are inadequate, and the rhythm becomes chaotic, ultimately affecting confidence. Those involved may be confused, and at this time, it is even more necessary to have timely reminders and collaboration from an objective perspective.
Lao Tian reminds: During sideways fluctuations, be a bystander. Wait patiently for the trend to become clear before taking action.
Technical Signal Shift: On the daily level, after the candlestick formed a V-shaped reversal, it failed to stabilize above and build new support, with a transition from bullish to bearish closing forming a top structure. On the four-hour level, the cryptocurrency has been experiencing consecutive bearish movements, forming a rounded top pattern. The Bollinger Bands are narrowing and flattening, indicating continued range-bound fluctuations in the future. On the hourly level, the upper shadow bullish line connects to a hammer line, showing that we are currently at a crucial defensive position in the battle between bulls and bears, with upward and downward momentum slowing. The evening market has shifted to a bearish signal, so operations should be cautious.
Operational Suggestions:
Bitcoin in the range of 107000-107500, look for 105800.
Ethereum around 2450, look for 2400.