Tuesday Afternoon Bitcoin Ethereum Analysis
The time has come to the afternoon. After the market fluctuations in the early morning and morning, there has been no significant ups and downs in the subsequent price comparison. Overall, it has maintained a range of consolidation, with both bulls and bears having good space to operate. According to Lao Wang's experience, this is the best 'feeding warehouse feeling' period in recent times. As long as you can grasp the market range, you can basically eat to your heart's content. Currently, Bitcoin is consolidating in the range of 106500-108500, while Ethereum is oscillating in the range of 2380-2520. Don’t keep staring at those incomprehensible candlesticks with envy; let Lao Wang provide you with detailed analysis. Follow Lao Wang's ideas and start your journey to recovery.
From the 4-hour level, Bitcoin is currently trading close to the lower Bollinger band. The Bollinger bands still maintain a steady narrow oscillation trend. However, from the technical analysis of MACD and RSI, the bearish momentum will continue. Although the downside space is narrow, we can enter the market with long positions at low levels, mainly focusing on whether the support level of 106500 can hold. Currently, Ethereum is tightly near the upper Bollinger band, and the Bollinger band mouth is gradually opening. From the MACD perspective, there is no change in the dead cross state above the water, and the green momentum bars are stabilizing and expanding. For now, it seems that the market has no reversal temporarily, oscillating narrowly around 2480.
Trading Suggestions:
Bitcoin 106500-107000 range long, target 107800
Ethereum 2430-2450 range long, target 2500
The time has come to the afternoon. After the market fluctuations in the early morning and morning, there has been no significant ups and downs in the subsequent price comparison. Overall, it has maintained a range of consolidation, with both bulls and bears having good space to operate. According to Lao Wang's experience, this is the best 'feeding warehouse feeling' period in recent times. As long as you can grasp the market range, you can basically eat to your heart's content. Currently, Bitcoin is consolidating in the range of 106500-108500, while Ethereum is oscillating in the range of 2380-2520. Don’t keep staring at those incomprehensible candlesticks with envy; let Lao Wang provide you with detailed analysis. Follow Lao Wang's ideas and start your journey to recovery.
From the 4-hour level, Bitcoin is currently trading close to the lower Bollinger band. The Bollinger bands still maintain a steady narrow oscillation trend. However, from the technical analysis of MACD and RSI, the bearish momentum will continue. Although the downside space is narrow, we can enter the market with long positions at low levels, mainly focusing on whether the support level of 106500 can hold. Currently, Ethereum is tightly near the upper Bollinger band, and the Bollinger band mouth is gradually opening. From the MACD perspective, there is no change in the dead cross state above the water, and the green momentum bars are stabilizing and expanding. For now, it seems that the market has no reversal temporarily, oscillating narrowly around 2480.
Trading Suggestions:
Bitcoin 106500-107000 range long, target 107800
Ethereum 2430-2450 range long, target 2500
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BTC
106,245.28
-1.39%