Since you've chosen the right opportunity, don't hesitate and just charge forward. On Tuesday, Bitcoin and Ethereum both showed signs of recovery, continuously giving us room to grow. Bitcoin's market experienced a pullback at midnight but remained in a sideways consolidation during the day, with not much fluctuation in the short positions, only gradually revealing an upward trend in the evening, constantly pushing higher. Ethereum maintained a steady output, quickly rebounding after a midnight pullback, continuously recovering lost ground, with the highest currently breaking through the 4500 line. This rebound exhibits a clear behavior of luring short positions, and Zhuo Wei constantly reminds friends not to be blinded, as the upward trend still dominates. The real trading layout of Zhuo Wei's team also follows the upward trend; in the morning, both Bitcoin and Ethereum set up long positions, and by noon, they successfully reduced positions, securing 768 points for Bitcoin and 115 points for Ethereum. By the evening, as the market gradually exploded, we welcomed a harvest, with Bitcoin gaining another 1078 points and Ethereum 228 points. It's worth mentioning that Ethereum's recent gains are indeed remarkable. Still, the same advice applies: do not blindly follow the trend and avoid having a gambler's mentality when setting up positions.
From the daily perspective, the market continues the previous upward trend, constantly moving higher to challenge the peaks. Although it's relatively slow, the market's dominance still lies in the upward trend. From the technical indicators, the fast and slow moving averages formed a golden cross above the zero line, creating an upward extension pattern, signaling another explosive phase for the upward trend. On the four-hour level, the market is distributed within the upper area of the Bollinger Bands, with K-lines gradually moving up, testing the upper band’s resistance. The middle and lower bands of the Bollinger Bands are showing upward development, guiding the overall market to keep moving up, confirming that the upward trend is gradually warming. On the hourly level, after breaking through the upper band, the market showed a certain degree of pullback. Analyzing the technical indicators, the market is above the zero line, with the overall chart still dominated by bullish candlesticks, and a solid bullish candlestick has already formed, proving that the upward trend occupies the market's dominant position. Ethereum continues to lead the market with the upward trend, constantly guiding the market upward.
Wednesday midnight trading suggestion: Bitcoin 119000-118600 range long Target 121000
Wednesday midnight trading suggestion: Ethereum 4460-4430 range long Target 4600
