Tuesday Morning Bitcoin and Ethereum Analysis
In yesterday's daily summary, Lao Wang mentioned that we can wait for the market to pull back before entering long positions. Currently, the market is moving out of this, with pullbacks occurring even in the early morning. At around 3 AM, it reached the entry zone that Lao Wang expected, and then began to surge towards the 107800 level. Subsequently, it has started to pull back again. I wonder if any friends followed Lao Wang's thoughts during the early morning? Lao Wang has brought the opportunity right to the doorstep; those who missed it should seize the chance and not fall into subjective speculation by trying to bottom fish halfway!
From a technical perspective, the 15-minute chart shows an overall downtrend channel, with the price closely following the lower Bollinger band and forming long lower shadows. According to the MACD indicator, the red momentum bars are continuously expanding, and the fast and slow lines have formed a golden cross below the zero line. The RSI indicator also shows an oversold signal, indicating that the bearish forces are currently dominating the market in the short term, and we can consider buying on dips. On the hourly chart, the price just touched the middle Bollinger band early in the morning before starting to retreat, and is now running close to the lower Bollinger band. The MACD and RSI indicators also show signals of a bearish market. Therefore, Lao Wang feels that there will be another pullback in the short term, although the downside potential is limited. We can continue with the early morning strategy to buy on dips.
Operation Suggestions:
Buy in the 106500-107000 range for Bitcoin, target 108000, and pay attention to the support level at 106000.
Buy in the 2420-2450 range for Ether, target 2520, and pay attention to the support at 2400#Strategy增持比特币 $BTC .