$ETH Evening market for Bitcoin shows again a state of silence, the market momentum is obviously much worse than Ethereum, while Ethereum's market remains as strong as ever. Looking back at the daytime market, Bitcoin rebounded from the midnight low around 118000 to around 119200 and has been continuously adjusting without much improvement. Ethereum, on the other hand, is quite different, with the overall market showing an upward trend, moving steadily from the midnight low around 4180 to around 4330. During this time, there was nearly a 150-point range, and thereafter it has been showing range fluctuations, which is very favorable for short-term traders, constantly providing opportunities. Remember, don’t complain about the lack of market; there has always been a market, it just depends on whether you can seize the opportunity!
From the four-hour level, Bitcoin is currently distributed near the middle track of the Bollinger Bands, with the K-line continuously testing the bottom's pressure capacity and has not achieved a significant breakthrough, indicating that the bottom's pressure capacity is still relatively strong, making it difficult for the bearish trend to continue effectively, while the upward rebound trend is still quite clear. In the evening arrangement, we focus on the pressure capacity during this period to continuously look upward. From the four-hour level, Ethereum's market is vastly different from Bitcoin, with the market distributed in the upper zone of the Bollinger Bands, continuously testing the resistance strength of the upper track, making breakthrough attempts, and during the pullback trend, it has been difficult to make a move, as it has been strongly reclaimed by the upward trend, which is very strong.
Tuesday evening trading suggestion: Bitcoin range 118700-117400, target 120500
Tuesday evening trading suggestion: Ethereum range 4330-4300, target 4450