Monday evening Bitcoin and Ethereum market analysis and trading suggestions
Market Analysis (Four-hour Level)
• Structural Features: Currently in a stepwise upward trend, overall maintaining strength, but the upward momentum is limited, accompanied by a 'meandering oscillation and pullback accumulation' pattern, characterized by gradually increasing lows and minor pullbacks after reaching new highs, which reflects a typical oscillating slow-rising pattern.
• Bullish Logic: Although the upward pace is slow, each pullback presents an opportunity for bullish entry; every round of retracement is an adjustment rather than a trend reversal. The market's norm is that 'after a rise, there will always be a pullback for correction,' and one should avoid underestimating bullish momentum due to short-term fluctuations.
New Operational Ideas
• Bitcoin:
◦ Long Entry Point: Around 107000
◦ Target Range: Short-term view 108900-109500
• Ethereum:
◦ Long Entry Point: Around 2450
◦ Target Range: 2550-2600
Precautions
• Be defensive and avoid being stopped out due to short-term fluctuations; focus on the continuity of bulls after pullbacks;
• The market primarily features upward adjustments, do not chase highs; positioning during pullbacks is more prudent; the above strategies are for reference only.