$BTC 7.8 Tuesday afternoon Bitcoin Ethereum latest market analysis and trading suggestions:
Here, failure is the norm, success is accidental. Only by transforming every setback into experience can one build their own moat amidst the blood and storm. Looking back at the morning, Bitcoin peaked at 108468 before facing pressure and dropped to a low of 107402, then rebounded again to a high point of around 108400 during the noon. Similarly, Ethereum also retraced from around 2553 to a low of 2522 in the morning and has now rebounded, currently peaking at 2562. The low long strategy in the morning captured over 650 points for Bitcoin and 34 points for Ethereum.
From the current market view, both sides are engaged in intense competition, and the four-hour level once again shows a converging range pattern, which is usually seen as a precursor to a trend change; the key lies in confirming the direction after the breakout. A valid breakout of key levels will open up a sustained market. Currently, the short-term continues to oscillate within a range, but the Bollinger Bands are tightening further, compressing the volatility space, while technical indicators are dulling, reducing directional guidance. In the afternoon, we suggest a strategy of buying on dips, and before any breakout, operate with high sell and low buy within the range.
Tuesday afternoon strategy:
Buy Bitcoin around 107800-107500, target 109500
Buy Ethereum around 2520, target 2600.