Bull-Bear Game, Retail Investors' Nightmare?
Today's day session has been fluctuating throughout the day, and the strategy given yesterday has been primarily focused on buying on dips. The support around 1065 remains effective, and the recent market structure has not been completely broken, showing a standard upward push and adjustment.
Looking at the chart analysis, Bitcoin's hourly chart shows several rapid rebounds upon touching the trend line, indicating that the support at 1065 is not just empty talk and is still building a bottom! It is currently undergoing a phase of adjustment, and future positioning should still focus on the bullish side.
Looking at Ethereum, it has turned back to the starting point, and the hourly chart has been in a fluctuating state recently, basically in sync with Bitcoin.
Action:
$BTC Bitcoin can be entered with a light position at the current price. Target around 1088.
$ETH Ethereum can be entered with a light position at the current price. Target around 2500.