Tuesday Morning Jingyi's Silk Analysis
Bitcoin dropped significantly at midnight, falling from a high of 119200 to a low of 116566 before stabilizing, and is currently rebounding slightly; Ethereum also weakened in tandem, dropping from a high of 3860 to a low of 3719 before stabilizing.
From a technical perspective
Four-hour level: After a large bearish candle broke below the lower Bollinger Band, bulls pushed the price back above the lower band on the rebound. Bears have ample downward space but have not refreshed yesterday's low, overall still in a small range of fluctuations;
One-hour level: After a stepwise breakdown below the lower band, bulls rebounded with three consecutive bullish candles, and the KDJ three lines are turning upward and gradually converging, with a golden cross expected. In the morning, it is recommended to buy on the dip.
Trading Suggestions
BTC Buy in the range of 116000-117000, target 119000;
ETH Buy in the range of 3700-3750, target 3850
