Reviewing Tuesday's intraday market situation, the overall trend showed a fluctuating upward movement. In the morning, the price oscillated repeatedly in a low range, dipping to the 116128 line, and then gradually gaining control, driving prices steadily upward. Although there were some pullbacks during the rise, the trading volume was moderate and did not disrupt the overall upward rhythm. Lao Hu repeatedly suggested a low buying strategy throughout the day, entering positions multiple times when the price retreated to lower levels, resulting in over 4000 points gained in Bitcoin and over 200 points in Ether. Each precise entry point is backed by countless accumulations of experience, and the market always rewards those who are diligent in their research. For the next opportunity, Lao Hu will continue to provide professional guidance!
The daily candlestick of the price ratio closed with another bullish rise today, not only firmly holding the critical support level at the low point but also recovering recent losses in one go. After the rise, the market has not seen significant pullbacks and is still in a high-level oscillation range, aligning with our previous prediction of a 'time correction phase.' The 4-hour chart's consecutive bullish structure continues, with minor pullbacks in between that can almost be ignored. Currently, the price ratio has successfully stabilized above the mid-line, displaying a clear rhythm of 'consolidating and correcting while stepping upward.' It is noteworthy that during the recent pullbacks, the lower spike lows have been continuously rising, with no significant volume declines or long bearish candles crashing the market; each pullback is accompanied by a rapid rebound. This indicates that the downward pressure from bears is limited and insufficient to reverse the current strong trend, merely representing a temporary easing and healthy adjustment of the upward rhythm. Overall, the bullish support remains strong, and the upward trend logic after the oscillation and consolidation remains unchanged.
Operation suggestion #BTC #ETH
Bitcoin around 118000 for buying, target focusing on the breaking situation at the 120000 line.
Ether around 3670 for buying, target first looking at 3800.