Tuesday Early Morning Analysis

During the night, the market strengthened in a stepwise manner, rising from 114,000 to 115,400 after the initial push. We should take profits here, followed by a high-level consolidation.

The Bollinger Bands on the hourly chart are diverging synchronously, with each band showing a positive slope as the 4-hour chart rebounds and corrects. The bulls are trying to reverse the downtrend, but there is still pressure above. The MACD green bars are shortening and will turn red, indicating weakness in the bears and strength in the bulls. A golden cross is forming with expanding red bars, suggesting the continuation of the rebound, with a focus on low-position buying going forward.

BTC: Buy around 1145—1150, Target 1165

ETH: Buy around 3620—3650, Target 3760