The evening market for Bitcoin is once again in a state of silence, with market momentum significantly weaker than Ethereum, which remains as strong as ever. Looking back at the daytime market, Bitcoin rebounded from a low point of around 118,000 near midnight to around 119,200, but has been in a continuous state of repair and adjustment without much improvement. In contrast, Ethereum has shown a significant upward trend, moving continuously from the midnight low of around 4,180 to near 4,330. During this period, there was nearly a 150-point range, followed by continuous fluctuations, providing many opportunities for short-term traders. Remember not to complain about a lack of market movement; there has always been movement, it just depends on whether you can seize the opportunity!
From the four-hour level, looking at the Bitcoin market, it is currently distributed near the middle band of the Bollinger Bands, with the K-line constantly testing the support capability at the bottom, without a significant breakthrough, indicating that the support at the bottom is still strong and the bearish trend is difficult to extend effectively. The upward rebound trend remains clear. In the evening layout, we should focus on the support capability during this period for further upward movement. From the four-hour level, the situation for Ethereum is quite different; the market is distributed in the upper section of the Bollinger Bands, continuously testing the resistance of the upper band, making repeated breakthrough attempts. The pullback trend during this period has been ineffective and has been strongly recovered by the upward trend, which is very strong.
Tuesday evening trading suggestions: Bitcoin 118,300-117,900 range for long positions, target 120,500.
Tuesday evening trading suggestions: Ethereum 4,280-4,250 range for long positions, target 4,450.
