People who want to get things done are always looking for ways, while those who don’t want to do anything are always looking for reasons! There are no roads that can’t be traveled, only people who can’t understand. Today, Bitcoin and Ethereum both faced a retracement again. After Bitcoin dipped to the 114300 line in the afternoon and halted, the bulls began to recover, slowly reclaiming the lost ground, currently reaching the 115800 line, while Ethereum is also recovering, currently at the 4340 line. The trend is a fluctuating upward movement. In the evening session, we also provided a low-level buying signal, and suggested entry at the 114800 line. An evening surge allowed the bulls to rise sharply in the short term, with us perfectly capturing over 1000 points, and Ethereum also gaining over 63 points. The bulls also welcomed a rebound and fluctuating recovery in the evening.

From the current market perspective, the daily chart shows a pause and correction at a high level. After a single bearish candle's drop, it was followed by a series of bullish candles recovering. This morning, a medium bullish candle showed local correction at a high level. Currently, the daily chart has slightly slowed down and re-entered a space for adjustment. However, the adjustment space is still not enough to alter the current bullish trend. Pay attention to the strength after the market stabilizes. On the four-hour chart, the Bollinger Bands have started to contract. Previously, there was a series of bearish candles pulling back from around the high point of 116900, halting at the 114300 line in the afternoon, with the 4-hour chart showing wide fluctuations between the upper and middle bands. The afternoon retreat has allowed today to re-enter a fluctuating recovery. This rhythm is a common adjustment pattern in small cycles, and does not necessarily change the trend; it is just a common adjustment wave, with the main direction still being bullish.

Trading Suggestions

On Tuesday evening, Bitcoin can be bought at 115000-114700, with a target of focusing on 116500.

Ethereum can be bought at 4270-4250, with an initial target of focusing on 4380. $BTC