Afternoon Bitcoin and Ethereum Operation Suggestions and Direction Sharing
The midday market has once again completed, and we have arrived at the key points we provided. The major Bitcoin price of 112,500 seems to have surged as if on a cheat, and the second Bitcoin price given at 4,050 actually reached 4,060. The points provided are traceable. You can find 'Old Zhao Talks Trends' in the image below, welcome to check it out.
From the current market perspective, the 4-hour chart for Bitcoin shows a rebound after three consecutive bearish candles, but it is still some distance from the upper resistance level of 114,000. Currently, the rebound still lacks effective strength, and as the Bollinger Bands remain opening downwards, the short-term expectation is that the bearish trend will continue. The 1-hour chart shows that the upper and lower Bollinger Bands are moving towards the middle band, indicating a temporary opposing pattern, suggesting that it may enter a sideways or range-bound correction in the short term. Entering a range-bound movement means that short-term fluctuations have opportunities. The movements of the second Bitcoin are in line with those of the first Bitcoin, both showing a rebound after probing lower points. However, compared to Bitcoin, the second Bitcoin is relatively stronger. Therefore, the afternoon suggestion is to continue the midday strategy.
For Bitcoin, consider entering below 114,000, focusing on 112,500.
For the second Bitcoin, consider entering around 4,220, focusing on 4,150.
