$BTC Yesterday's Market Review:
Bitcoin showed a clear downward trend at midnight, with the price falling from a high of 119200 to a low of 116566 before stabilizing, now showing a slight rebound; Ethereum is also under pressure, having dropped from a high of 3860 to a low of 3719 before stabilizing.
Market Analysis:
- Four-hour Level: After a significant bearish move breaking below the lower Bollinger Band, bulls exerted pressure to rebound, pushing the price back above the lower band. Although bears have released some downward space, they did not refresh yesterday's low, and the overall situation remains in a small range of fluctuations.
- One-hour Level: After a stepwise drop below the lower band, bulls rebounded with three consecutive green candles, and the KDJ three-line began to turn upward and gradually converge, showing signs of a golden cross formation. Morning operation suggestions recommend following the strategy of buying on dips.
Tuesday Morning Layout:
- Bitcoin: It is recommended to go long in the range of 116500-117000, with a target looking towards 119000.
- Ethereum: It is recommended to go long in the range of 3730-3750, with a target looking towards 3850#稳定币监管风暴 .