Yesterday, the bitcoin trend showed characteristics of 'bottom hunting rebound + choppy tug-of-war'. During the early hours, the price quickly stabilized after probing to a low of 116370, subsequently starting a rebound, climbing to a high of 119720 in the afternoon. This wave of rebound provided bulls with nearly 3300 points of operational space. The Zhuowei team accurately captured the timing of the rebound initiation, timely entering the market, successfully securing a profit of 2849 points. In the afternoon, bitcoin entered a range-bound phase, with both bulls and bears repeatedly tugging. In response to this market condition, the team adopted a short-term trading strategy, and the bitcoin long positions set in the evening profited again by 515 points. By the end of the day, bitcoin had accumulated a total profit of 3364 points. During the same period, Ethereum performed strongly, dominating the market with a unilateral upward trend, and the team operated accordingly, securing a profit of 130 points.
Four-hour level: The price once broke below the lower Bollinger Band with a large bearish candle, but then bulls exerted force to rebound, pushing the price back above the lower band. Although bears released some downward momentum, they did not refresh yesterday's low, indicating clear support below. Currently, the overall state remains in a small range-bound phase, with a temporary balance of bullish and bearish forces. One-hour level: Short-term positive signals have appeared, with the price stepping down below the lower band, and bulls launching a rebound in a three consecutive bullish candle pattern, with short-term rebound momentum initially emerging. In terms of technical indicators, the three KDJ lines are turning upwards and gradually converging, with a golden cross forming and strong expectations, further supporting the short-term rebound trend.
Tuesday's operation suggestions
Bitcoin: It is suggested to set long positions around 117000, with a target of 119000 and a stop loss at 116000.
Ethereum: It is suggested to set long positions around 2730, with a target of 3900 and a stop loss at 3600.
