Looking back at yesterday's market, Bitcoin and Ethereum showed fluctuations under the tug-of-war between bulls and bears. The volatility range continuously provided us with operational space. In the current market, both long and short positions have significant opportunities, validating the saying that there is no eternal bull and no eternal bear. Reviewing yesterday's layout, two retracements in the morning allowed us to capture nearly a thousand points of profit in both Bitcoin and Ethereum, aligning with our emphasized strategy of accumulating positions with small sizes during the midnight market. We started laying out long positions for Bitcoin at the low point of 117,500 in the morning, and successfully secured a profit of 1,323 points in the afternoon. The Ethereum long position was also timely entered around 4,450, rising to 4,600 before promptly reducing half of the position, successfully capturing a profit of 133 points. The afternoon's long positions concluded perfectly with Ethereum exiting at 4,651, securing a profit of 182 points. Always remember never to underestimate the market's momentum; the market is always in motion, and every wave of opportunity is traceable. Managing each step of operations effectively is essential to establish a foothold in the crypto world.
Currently, the overall market situation of Bitcoin and Ethereum shows a clear tug-of-war. Prices continue to hover near crucial support points from recent turning points, with the forces of bulls and bears constantly testing the emotional boundaries of the market, resulting in uncertainty in short-term trends. Observing from the daily level, the recent retracement trend is quite indicative. The market accurately touched the key support area at the middle band of the Bollinger Bands and has repeatedly oscillated and stagnated at this position, with the middle band effectively providing support. This has become the core turning point for the current market to shift from a downward trend to an upward trend, laying a solid foundation for the repair of the short-term market trend and providing a clearer basis for subsequent rebounds. Looking at the four-hour level, the market is currently oscillating near the lower band of the Bollinger Bands. As time goes by, the resilience of the support level below continues to strengthen, repeatedly withstanding downward pressure on prices. Meanwhile, the momentum for rebounds is gradually accumulating, showing signs of a sustained strengthening trend, adding power for the short-term market recovery.
Saturday midnight operation suggestions: Bitcoin around 117,000 long Target 119,000
Saturday midnight operation suggestions: Ethereum around 4,400 long Target 4,600
